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RBI likely selling dollars via state-run banks: traders
12 Sep 2013, 04:17 PM IST
The Reserve Bank of India (RBI) likely sold dollars via state-run banks starting at around 63.95 levels to prevent further weakness in the currency, four traders told Reuters on Thursday.
The partially convertible rupee was trading at 63.65/66 per dollar at 3.30 p.m. compared with its close of 63.38/39 on Wednesday.
Copyright @ Thomson Reuters 2013
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