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Rupee Update: Without "aggressive intervention" from the Reserve Bank of India (RBI), we may witness a cascade of long dollar liquidation from speculators, rebalancing dollar sales from put sellers, and hedging from exporters, he said.
Rupee Update: Non-deliverable forwards indicate the rupee will open flat-to-slightly weaker to the U.S. dollar from 82.8975 in the previous session. The domestic currency has not been successful at moving past 82.80-82.85, which traders say is a key level.
Rupee Update Today: The unit had fallen to a two-week low of 83.1150 in intraday trades but speculators' dollar sales capped losses in the local unit, traders said.
Rupee Update Today: The rupee closed at 83.0350 against the U.S. dollar, weaker by 0.1% compared with its close at 82.9550 in the previous session. The local unit also logged a weekly decline of 0.1%.
Rupee Update Today: The rupee ended at 82.9550 against the U.S. dollar, barely changed from its close at 82.9675 in the previous session.