Indian central bank likely shielding rupee as US-Iran impasses lifts oil prices, traders say

The Reserve Bank of India likely intervened in the foreign exchange market on Monday, four traders told Reuters, as stalled US-Iran diplomatic talks pushed oil prices higher, with month-end corporate flows adding to the pressure.The rupee FX_IDC:USDINR declined 0.1% to 95.89 per dollar, with the ce…