RBI intervention supports USD/INR, rupee shrugs off oil and Asia weakness
Traders said the Reserve Bank of India stepped in near the start of Friday’s session to support the rupee, keeping intervention through the session. It helped USD/INR shrug off higher oil prices and weakness in Asian currencies.
By Nimesh VoraThe Reserve Bank of India once again stepped in near the start of Friday’s session to support the rupee and kept up its intervention through the session, traders said, helping the currency shrug off higher oil prices and weakness in Asian currencies.The rupee FX_IDC:USDINR opened sli…