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flag 13 May: Indian Rupee ranges against USD due to weak domestic equities, strong US currency, and RBI intervention.

flag On May 13, the Indian Rupee traded in a narrow range against the US dollar, tracking weak domestic equities and a strong US currency. flag Forex traders expect the USD/INR pair to remain range-bound, with a slight weakness bias due to foreign investors buying US dollars and the Reserve Bank of India selling the greenback. flag The Rupee's stability may be attributed to likely intervention by the RBI to defend the currency from uneven depreciation.

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