Indian cenbank likely sold US dollars after rupee slips to fresh record low, traders say

Capt. John

The Indian central bank likely sold U.S. dollars to cap further deprecation in the rupee after the currency hit a fresh record low on Wednesday due to strong dollar demand from local importers and oil companies, four traders told Reuters. The rupee INR=IN fell to a record low of 83.45 in the...

https://www.hellenicshippingnews.com/indian-cenbank-likely-sold-us-dollars-after-rupee-slips-to-fresh-record-low-traders-say/

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