01-01-1970 12:00 AM | Source: Reuters
India cenbank likely sells dollars as rupee plumbs record low
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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
India`s seafood, wine industry grows substantially a...
India-EFTA trade pact to drive $100 bn investment, b...
We need Bharat Food and Drug Administration for glob...
India may roll out scheme worth billions of dollars ...
Albania joins SEPA, paving way for EU integration
Piyush Goyal urges India Inc to focus more on hi-tec...
Trump names hedge fund investor Scott Bessent as tre...
Six pharma companies to set up their units in Telangana
UK to increase energy price cap by 1.2 per cent
West Bengal bars exports of potato to other states f...
