RBI seen selling dollars as rupee falls: dealers

Intervention came as the rupee approached record low of 59.9850 per dollar hit on June 20

Reuters Mumbai
Last Updated : Jun 26 2013 | 3:21 PM IST

The RBI was spotted selling dollars via state-run banks starting when the rupee breached above 59.90 levels, five dealers told Reuters.

The suspected intervention comes as the rupee approached a record low of 59.9850 per dollar hit on June 20.

The rupee was trading at 59.80/81 to the dollar as of 0419 GMT. It closed at 59.66/67 on Tuesday.

 

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First Published: Jun 26 2013 | 9:51 AM IST

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