This was the second consecutive day the rupee appreciated past the 85 levels, but could not sustain there due to likely intervention by the Reserve Bank of India. RBI also likely intervened around the weaker 85.38/$1 levels by selling dollars, traders said.
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Over the five trading sessions ending December 12, the Sensex closed lower, declining 0.52%, or 445 points, to settle at 85,268. The benchmark finished in