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The rupee closed at 83.5075 against the U.S. dollar, against 83.4875 in the previous session. It hovered in a tight band of 83.4775 and 83.5175 during the session. ....
Indian shares are seen opening on a flat note Tuesday after some officials said interest rates were likely to remain unchanged in the near term. Geopolitical tensions may also weigh on markets as Israel commenced its planned military offensive in Rafah hours after it rejected Hamas's proposal for a ceasefire in Gaza. ....
Fixed income in the worlds most populous country is in demand ahead of its addition into JPMorgans emerging markets debt gauge in late June. The accession is expected to attract tens of billions of dollars of inflows into a market historically shielded from foreigners. ....