RBI dollar sales cushion rupee amid oil-price pressure
RBI was seen selling dollars near the start of Friday’s session to cushion USDINR from pressure tied to higher oil prices. The rupee opened at 94.46 versus 94.4850 on Thursday.
The Reserve Bank of India was seen selling dollars near the start of Friday's session to cushion the rupee from pressure stemming from the rise in oil prices, two traders said.The rupee FX_IDC:USDINR opened a tad higher at 94.46 on Friday versus 94.4850 on Thursday, with RBI intervention helping th…