Rupee holds narrow range as RBI support offsets steady importer dollar demand
USD/INR traded in a narrow range on Wednesday after a higher open. The pair opened at 94.89 to the U.S. dollar and was supported by the Reserve Bank of India despite steady dollar demand from importers.
By Nimesh VoraThe rupee FX_IDC:USDINR traded in a narrow range on Wednesday after opening higher, with continued support from the Reserve Bank of India offsetting steady dollar demand from importers.The rupee FX_IDC:USDINR opened at 94.89 to the U.S. dollar, having settled at 94.95 on Tuesday.
The…