Rupee near flat as central bank intervention cushions forwards
USD/INR was about 95.8050 per dollar around 1:00 p.m. IST, with central bank intervention countering pressure from corporate dollar demand and higher oil prices.
The Indian rupee gave back modest early gains on Tuesday to trade almost unchanged, with central bank intervention offsetting pressure from corporate dollar demand and firmer oil prices. m. IST after touching a peak o…