RBI intervened on Tuesday to stem rupee fall: Ahluwalia

MUMBAI (Reuters) - The RBI intervened in the foreign exchange markets on Tuesday to halt the rupee's slide, the deputy chairman of the country's Planning Commission Montek Singh Ahluwalia told TV channel CNBC-TV18 on Wednesday.

Reuters had reported on Tuesday traders had spotted the central bank selling dollars via state-run banks starting at around 58.95 levels, after the unit fell to a record low of 58.98.

Ahluwalia also said there was a committee looking at simplifying foreign direct investment rules. (Reporting by Mumbai Treasury Desk; Editing by Rafael Nam)