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Slight reprieve for rupee likely as Asian peers recover
short by System User / on Thursday, 2 January, 2025
The Indian rupee could find some relief on Thursday as most of its Asian peers ticked higher and with the currency near levels at which the central bank had intervened aggressively. The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly higher from its close of 85.6450 per US dollar in the previous session.