Indian central bank likely intervenes to keep lid on rupee weakness, traders say
MUMBAI: The Indian central bank likely intervened in the foreign exchange market on Tuesday, four traders told Reuters on Tuesday, to shield the currency against pressure on account of elevated oil prices and sustained corporate dollar demand. The rupee was little changed on the day at 95.7350 per dollar, clinging to an under 1-paisa trading range as interventions continued to sap volatility.…
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