RBI most likely intervened as rupee neared record low
The rupee was last at 61.12/13, not far from the life low of 61.21 seen on July 8
Explore Business Standard
The rupee was last at 61.12/13, not far from the life low of 61.21 seen on July 8
The Reserve Bank of India's (RBI) likely sold dollars via state-run banks on Wednesday as the rupee headed towards a record low, three dealers told Reuters.
The RBI likely sold dollars from 61.17 levels, they said. The rupee was last at 61.12/13, not far from the life low of 61.21 seen on July 8.
First Published: Jul 31 2013 | 9:42 AM IST