Indian central bank likely intervenes to limit pressure on rupee, traders say
MUMBAI: The Indian central bank likely intervened in the foreign exchange market yet again on Thursday, five traders told Reuters , to shield the rupee from pressure due to elevated corporate hedging and maturing derivative contracts. The Indian rupee was at 95.6350 per dollar, up 0.1% form its previous close. Indian central bank likely intervenes to shield rupee from oil strain, traders say The…
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