Moneycontrol Be a Pro
Get App
Last Updated : Nov 24, 2016 06:27 PM IST | Source: Reuters

RBI intervenes to support rupee, may have sold around $500 mn

Two interventions by the central bank in the morning sparked a sharp rebound in the currency from near record lows hit earlier in the day.


The Reserve Bank of India (RBI) sold around USD 500 million to support the rupee currency when it fell to around 68.80 per dollar on Thursday morning, traders said.


Two interventions by the central bank in the morning sparked a sharp rebound in the currency from near record lows hit earlier in the day.


The rupee was trading at 68.74/75 per dollar by mid-morning, up from a session low of 68.8375, its weakest since a record low of 68.85 hit in August 2013.

Close


The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Nov 24, 2016 11:16 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant