The rupee recovered from day's low levels to close flat at 70.94 against the US dollar on Monday helped by foreign fund inflows into equities and lower global crude oil prices.
The domestic currency opened lower and fell to a low of 71.03 later on geopolitical concerns in West Asia and gains in the US currency against major global rivals.
A strong rally in equities amid heavy buying by foreign investors helped the rupee pare losses and touch a day's high of 70.87.
The local currency finally settled at
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