MUMBAI (Reuters) - The Reserve Bank of India (RBI) was again spotted selling dollars via state-run banks to prop up the rupee starting around 63.45-63.50 rupee levels, three traders told Reuters.
The partially convertible rupee recovered to the day's high of 63.25/26 per dollar on the back of the intervention, retreating sharply from the record low of 64.13 reached in early trade but still slightly weaker from Monday's 63.13/14 close.
Earlier in the day too, the central bank was spotted selling dollars both in the spot and forward markets.
(Reporting by Swati Bhat; Editing by Subhranshu Sahu)
