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Rupee ends barely lower at 94.92 amid FII outflows, oil price lift, and RBI cues; market highlights and global factors explained.
Rupee began the week on a cheerful note, inching towards the 94 mark against US dollar on Monday. The currency strengthened by 9 paise to 94.80 against the greenback in early trade, extending its recovery for a third consecutive session.
New Delhi, Oct 19 (IANS) The Indian rupee traded 22 paise higher at 94.75 against the US dollar on Monday as Reserve Bank of India (RBI) intervention supported the currency despite pressure from elevated crude oil prices. Earlier in the day, the local currency opened 8 paise higher at 94.89 from the previous close of…