The rupee was trading at 59.69 against the US dollar at 11.46 am today, compared to its previous close of 59.34/35. The pair has traded in a 59.55-59.79 band during the session.
Dealers say a large state-run bank and finance firms were early buyers, while some selling was seen from state-run banks, though not likely from the Reserve Bank of India.
The RBI was rumored selling dollars late on Wednesday to support the currency.
Copyright: Thomson Reuters 2013
Dealers say a large state-run bank and finance firms were early buyers, while some selling was seen from state-run banks, though not likely from the Reserve Bank of India.
The RBI was rumored selling dollars late on Wednesday to support the currency.
Copyright: Thomson Reuters 2013
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