HomeNewsBusinessMarketsRBI's hand is probably behind the rupee swing

RBI's hand is probably behind the rupee swing

The rupee slid to a two-week low mid-trade on oil importer buying and weak equities. The Indian currency however ended flat on the back of reported dollar sales by RBI.

December 29, 2011 / 09:51 IST
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The rupee slid to a two-week low mid-trade on oil importer buying and weak equities. The Indian currency however ended flat on the back of reported dollar sales by RBI.


Up until midday, the rupee was struggling because of heavy pressure of oil importers buying, but there appears to have been some very concerted dollar supplies coming from the Reserve Bank, CNBC-TV18
first published: Dec 28, 2011 07:58 pm

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