RBI likely sells dollars as surging U.S. yields hold rupee hostage – traders

September 28, 2022

The rupee was trading at 81.8675 per U.S. dollar, down from 81.58 in the previous session. The local unit earlier reached a record low of 81.9350. The intervention by the Reserve Bank of India was confirmed to Reuters by three bankers and a brokerage firm.

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