01-01-1970 12:00 AM | Source: Reuters
India cenbank likely sells dollars as rupee plumbs record low
The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee extended losses to hit a record low, three traders told Reuters.
The rupee was last trading at 81.0575 per U.S. dollar, compared with the day's low of 81.2250 and the previous session's close of 80.86.
"The intervention at 81.20 was quite aggressive and possibly puts a floor on the rupee for the time being," a trader at a private sector bank said.
Two state-run bank traders also confirmed that the RBI sold dollars.
Latest News
With IWL-2, home-and-away league in place, AIFF reco...
Arjun breaches Air Rifle world record in Olympic Sel...
Evening Roundup : A Daily Report on Bullion Energy &...
Nifty closes above 22,550, Sensex up 487 pts on anot...
Daily Market Analysis : Markets resumed up move on t...
India`s IndiGo places order for 30 Airbus A350 jets
Goa Chief Minister Pramod Sawant celebrates his birt...
Union Minister Smriti Irani participates in `Dukhdur...
FIIs stood as net buyers in equities as per April 25...
Post market comment by Mandar Bhojane, Research Anal...