Reserve Bank of India (RBI) is thought to have intervened within the foreign currency market

The Reserve Bank of India (RBI) is thought to have intervened within the foreign currency market today to check on the slide within the local currency, based on reports.

The central bank will probably have offered dollars in the foreign exchange market at around 49.15, the reviews quoted dealers because saying.

The rupee retrieved partially following the RBI’s intervention however fell once again and had been last estimating at 49.2550 per dollar. The rupee lost almost 2% today. It experienced closed from 48.33 yesterday.

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