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    HomeNewsBusinessMarketsRBI likely sold dollars via state-run banks: Traders

    RBI likely sold dollars via state-run banks: Traders

    The partially convertible rupee was trading at around 61.58/59 per dollar at around 1:10 pm, after hitting a record low of 61.80 a little while earlier.

    August 06, 2013 / 13:32 IST

    The Reserve Bank of India likely sold dollars via state-run banks, helping the rupee recover from a record low, three traders told Reuters on Tuesday.


    One trader said the central bank started selling dollars around 61.78 levels, though he said the sales were not strong.


    The partially convertible rupee was trading at around 61.58/59 per dollar at around 1:10 pm, after hitting a record low of 61.80 a little while earlier.

    first published: Aug 6, 2013 01:32 pm

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