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Four traders told Reuters that the Reserve Bank of India likely intervened in the foreign exchange market on Monday to support the rupee, helping the currency withstand pressure from a broadly stronger dollar and volatile oil prices. The rupee was trading at 96.24 per dollar.
Four traders told Reuters the RBI likely intervened on Wednesday, with state-run banks offering dollars around 96/USD; rupee last quoted at 95.97 per dollar.
The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday, two traders and a foreign exchange broke told Reuters, after the rupee dropped past the 96 per dollar mark to hit a two-month low amid deepening worries about rising oil prices.The rupee FX_IDC:USDINR declined to…
The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday, six traders said, keeping up its market interventions to support the currency. The rupee was at 95.8150 per dollar. State-run banks were spotted offering dollars, most likely on behalf of the RBI. The central bank also likely conduct