A man stands in front of the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.
A man walks past the Reserve Bank of India (RBI) logo outside its headquarters in Mumbai, India.
MUMBAI, July 23 (Reuters) – The Reserve Bank of India likely intervened in the foreign exchange market on Thursday to limit the rupee’s losses as a relentless rise in oil prices deepened the South Asian unit’s drift back towards record lows.
The rupee was at 96.48 per dollar, up 0.1% from its closing level in the previous session. The currency hit its all-time low of 96.96 in May.
Reporting by Jaspreet Kalra; Editing by Mrigank Dhaniwala.
