Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Indian central bank extends intervention streak to support Indian rupee, traders say

MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday, two bankers and a trader at an FX broker told Reuters, as a renewed rise in oil prices put pressure on the rupee. The Indian currency was at 94.68 per dollar, down 0.2% on the day. State-run banks were seen offering dollars around the 94.70 level, most likely on behalf of the RBI, one of the bankers…

Indian central bank extends intervention streak to support Indian rupee, traders say

We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.

Read the original at brecorder.com →

More in Finance & Markets

More from Tuesday 8 September →