RBI likely sold dollars to keep rupee from reaching 72 per dollar, say dealers
Updated : September 06, 2018 10:27:49 IST
The Reserve Bank of India is supporting the rupee from falling to 72 to the dollar mark, said two dealers on Thursday, citing spurts of dollars sales at the 71.95 level likely by the central bank.
The rupee quickly reversed some of its losses and was trading at 71.86 to the dollar after touching a intraday low of 71.95 in early trade.
It had closed at 71.7750 to the dollar on Wednesday.
Published : September 06, 2018 10:27 AM IST