Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick up
By Jaspreet Kalra and Dharamraj DhutiaThe Indian rupee gave up early gains on Thursday as central bank intervention waned by midday, while dollar demand related to arbitrage trades between the non-deliverable forward and onshore market picked up.The rupee FX_IDC:USDINR rose to a peak of 94.9375 in…