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RBI possibly selling dollars to prevent rupee from falling to record lowRBI possibly selling dollars to prevent rupee from falling to record low

The Indian central bank is possibly selling dollars via public sector banks, with the rupee just shy of a record low, six traders told Reuters. The rupee was at 83.2025 to the U.S. dollar, down from 83.09 at open and within a whisker of the lifetime low of 83.29. “Hearing of public sector bank names […]