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INR bank notes

The US Dollar Indian Rupee (USD/INR) exchange rate is trading flat as in a quit session as investors look ahead to the US Presidential debate. The pair trades at 73.75.

President Trump will face former vice president Joe Biden at 9pm ET. The two will debate the economy and the handling of the coronavirus pandemic among other topics. Going into the debate Biden is in the lead by 7 points. The question is can he maintain his lead?

The Rupee is holding steady as domestic equities remain unsupportive but a falling oil price helps to underpin demand.