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

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.