Rupee Rises 0.3% as Traders Say RBI Likely Sells Dollars
The rupee climbed to 94.85 per dollar amid likely RBI intervention, traders said.
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03:47:47 AM UTC
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India central bank likely selling US dollars to further bolster rupee, traders say
Traders said the Reserve Bank of India was likely selling dollars through state-run banks to support the rupee, extending intervention aimed at arresting the currency’s decline. 3%.