RBI seen selling dollars to prevent rupee fall - traders

MUMBAI (Reuters) - Reserve Bank of India (RBI) was suspected of selling dollars vis state-run banks after the rupee fell to as much as 68.12 to a dollar on geopolitical worries and fears of a rating downgrade, three dealers told Reuters.

The rupee recovered to 67.90/94 to the dollar after the suspected intervention. It had closed at 66.00/01 on Monday.

(Reporting by Subhadip Sircar; Editing by Subhranshu Sahu)


Get stories like this on the Yahoo app and discover more every day.
Download it now.