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Rupee seen stabilising after 4% slide this year; traders eye IndiaUS deal for next cues

The Indian rupee is unlikely to see a sharp fall soon, having already depreciated 4% this year and trading in a narrow band. Union Bank of India anticipates the rupee to remain range-bound between 88.80 and 89.50 through December, with potential strengthening contingent on equity inflows or progress on the India-US BTA.