RBI likely selling dollars to limit rupee’s fall, traders say

The ‌Indian central ​bank ⁠was
likely selling US ‌dollars ‌on ‌Tuesday ⁠to ⁠prevent the rupee ​from
falling ‌past the psychologically important 91-per-dollar ‌mark,
three ​traders told ⁠Reuters.

The rupee was ‌at 90.9525 per dollar, ‌down about
0.1 per cent ​on the ⁠day.

Source

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