RBI Likely Intervenes as Rupee Climbs 1% to 95.76 per Dollar
Four traders told Reuters the Reserve Bank of India likely intervened on Monday to support the rupee's recovery after recent policy measures. The currency climbed 1% to 95.76 per dollar.
Four traders told Reuters that the Reserve Bank of India likely intervened in the foreign exchange market on Monday, adding to a fresh set of policy measures aimed at supporting the struggling rupee as it recovered from near-record lows. 76 per dollar.