India possibly selling dollars to save rupee from record fall

The Indian central bank is possibly selling dollars via public sector banks, with the Indian rupee (INR) just shy of a record low, six traders told Reuters news agency. The Indian rupee was at 83.2025 to the U.S. dollar, down from 83.09 at open and within a whisker of the lifetime low of 83.29. “Hearing […]

from Daily Times https://ift.tt/wQGrA3J