[SMM Steel] Indian rupee steadies amid hedging demand and geopolitical risks

Published: Apr 6, 2026 19:12

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[SMM Steel] The Indian rupee closed nearly unchanged at 93.06 per US dollar, supported by dollar sales from position unwinding but capped by importer hedging demand amid uncertainty linked to the Iran conflict. The currency had rebounded earlier after intervention signals from the Reserve Bank of India, recovering from a record low of 95.21.

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