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The India rupee is poised to open weaker on Friday, with the imbalance between robust importer hedging and hesitant exporter flows making it vulnerable to a lifetime low and dependent on central bank support. The 1-month non-deliverable forward indicated the rupee will open in the 89.40-89.42 range versus the US dollar, having settled at 89.3050 on Thursday.
short by / 09:45 am on 28 Nov
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