Indian cenbank likely intervenes to support rupee at record low, traders say

By Yahoo! Finance   |   3 months ago
Indian cenbank likely intervenes to support rupee at record low, traders say

The Indian central bank intervened by selling dollars to support the rupee as it hit an all-time low amid concerns about economic data and foreign outflows. The rupee fell to 84.5950 per U.S. dollar, prompting state-run banks to offer dollars near 84.60.

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