The Reserve Bank of India (RBI) was seen selling dollars via state-run banks on Friday as the rupee approached its record low of 60.76 seen on June 26, four dealers said.
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The intervention was spotted by dealers as the rupee hit an intraday low of 60.59 against the dollar. The currency was last trading at 60.46/47, compared with its previous close of 60.13/14.
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