Indian central bank likely intervenes to shield rupee as oil prices climb, traders say

The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday, four traders told Reuters, as rising oil prices and growing wagers on a rate hike in the U.S. this week pressured the South Asian unit.The rupee FX_IDC:USDINR declined 0.2% to 95.79, hovering around its weakest l…