Rupee steadies near flat as state bank dollar sales offset oil hit

Dollar support from state banks blunted oil shock

The Indian rupee ended slightly stronger, with state-run banks stepping in through dollar sales to cushion pressure. The currency was under strain as higher oil prices weighed on sentiment, following renewed uncertainty after U.S.-Iran talks stalled. Traders will now watch whether RBI presence and oil trends keep the rupee range-bound in the near term.