India cenbank likely sells dollars as rupee plumbs record low – traders

This post was originally published on this site

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.