India central bank sells dollars near open to support rupee
India’s central bank returned with dollar sales near the open, two traders and an FX broker said, cushioning the rupee amid a spike in oil prices.
India's central bank returned to the market with dollar sales near the open on Wednesday, two traders and an FX broker said, cushioning the rupee from the impact of a spike in oil prices.The rupee FX_IDC:USDINR opened higher at 94.89 to the dollar, versus 94.95 on Tuesday, defying expectations of a…