Indian Rupee Recovers Against U.S. Dollar Amid Year-End Flows
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Indian Rupee Recovers Against U.S. Dollar Amid Year-End Flows

The Indian rupee strengthened against the U.S. dollar on Tuesday, recovering from a three-day decline. This rebound was attributed to index rebalancing inflows and a reduction in long U.S. dollar positions amid thin year-end trading. The rupee closed at 89.79 per dollar, with analysts expecting it to trade within a narrow range, supported by the central bank's anticipated intervention near the 90 level.

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