RBI Likely Intervened as Rupee Rose 0.3% to 94.95 per Dollar
Four traders told Reuters the Reserve Bank of India likely intervened in the foreign exchange market on Wednesday. The rupee rose about 0.3% from its previous close and was 2% higher on the…
The Reserve Bank of India likely stepped into the foreign exchange market on Wednesday, four traders told Reuters, apparently to support the rupee’s recent recovery from near-record lows. 3% from its previous close and 2% higher on the…