Indian Rupee Rebounds Against U.S. Dollar Following RBI Intervention
24 November 2016 - 4:46PM
RTTF2
The Indian rupee rebounded from its near record lows against the
U.S. dollar in the evening deals on Thursday, following
intervention by the Reserve of India to prevent excessive decline
in the currency.
The rupee was trading at 68.57 against the greenback, up from a
9-month low of 68.85 hit on Wednesday. The pair finished
yesterday's trading at 68.74.
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