India's central bank may sell dollars to support the rupee
2025-09-25 08:34:19
Five traders said the Reserve Bank of India was likely to sell dollars on Thursday to support the rupee, which has come under pressure from persistent asset outflows and is hovering near record lows. State-owned banks offering dollars around 88.70 was likely to represent RBI action, traders said. "There is a central bank presence around 88.68-88, but it's very weak and they're not active," said one trader at a state-owned bank.
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