(Reuters)—The Indian rupee rallied for a second consecutive session on Friday to its strongest against the dollar in nearly two weeks on growing expectations the currency has been badly oversold, even as few traders expect a meaningful recovery.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilize at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
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