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The Indian rupee saw slight movements after a recent losing spree that made the exchange test record high against the US dollar. The INR remained stable around 84.04 per US dollar, almost unchanged on the day. National stock indices ended with minor losses on Tuesday. The Nifty settled below the 25,050 mark after touching the day’s high of 25,212.05 in early trade. Real estate, media and consumer durable stocks rose while metals, auto and pharmaceutical stocks declined. Meanwhile, the U.S. Dollar Index holds near 103 as Federal Reserve Governor Christopher Waller called for more caution in cutting interest rates.
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First publication: October 15, 2024 | 5:58 p.m. STI
