Rupee almost touches 94 to $, likely RBI intervention prevents breach

Rupee almost touches 94 to $, likely RBI intervention prevents breach

The Indian rupee neared 94 against the dollar on Wednesday, despite a pullback in equities. Central bank interventions helped keep the rupee above this psychological threshold. Exporters withholding conversions and month-end dollar demand contributed to the p…

Mumbai: The rupee Wednesday bucked the robust advancing trend in Indian equities to go agonisingly close to 94 to a dollar, although mild but timely central bank interventions helped the unit stay ab… [+1808 chars]
Rupee almost touches 94 to $, likely RBI intervention prevents breach - FHMnews