RBI intervention is seen at 63.50/55 levels
Picture for representational purpose (Photo: DC archives)
Mumbai: The dollar index is trading above key 90 level for the first time since March 2006 after strong US and UK economic data. RBI intervention is seen at 63.50/55 levels, traders say.
Month-end dollar demand from oil companies also hurts the Indian unit. The pair is seen in 63.20 to 63.60 range during the day
( Source : reuters )
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