State-run banks were seen selling dollars around 67.67 level, dealers said. The RBI typically intervenes in the foreign exchange market via state banks.
The Indian rupee sharply retraced all its losses to rise to the day's high of 67.5350 to the dollar, after falling to 67.7975 in early trade, its weakest since Jan. 31, 2017. It had closed at 67.50 on Monday.
(Reporting by Suvashree Dey Choudhury and Abhirup Roy, Editing by Sherry Jacob-Phillips)
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