RBI likely intervened to support rupee; USD/INR up about 0.1%
Four traders told Reuters the Reserve Bank of India likely intervened in the FX market on Monday to support the rupee. USD/INR was lifted about 0.1% following the intervention, traders said.
The Reserve Bank of India likely intervened in the foreign exchange market on Monday, four traders told Reuters, keeping a firm presence in the FX market and helping the rupee withstand pressure from rising oil prices. 1% by the intervention and…