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Rupee ends modestly higher on RBI intervention
The currency closed at 95.33, 10 paise stronger from its previous close of 95.43. Dollar sales by state run banks, likely on behalf of the RBI, kept the rupee in a narrow range of95.25-95.44 , traders said. The rupee is expected to trade on a stronger footing on Thursday, between 95.00 and 95.50 as a cease fire deal was extended to August 17, which cooled Brent futures to around $85 per barrel.
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