Indian Rupee gets relief from likely RBI intervention, downside remains favored
The Indian Rupee (INR) opens mildly higher against the US Dollar (USD) on Thursday due to possible Reserve Bank of India’s (RBI) intervention. According to a Reuters report, Indian central bank likely sold US dollars near the market open on Thursday to support the Indian rupee, four traders said.
We haven't written up this one. FXStreet has the full story — the link below goes straight to it.