The rupee was trading between 68.81 and 68.83 per dollar.
RBI has over the last one week sought to ease cash supply owing to which the holders of current, overdraft and cash credit accounts may now withdraw up to Rs. 50,000 in cash in a week.
Mumbai: The Reserve Bank of India was spotted intervening in the foreign exchange market after the rupee fell to as low as 68.8350 per dollar on Thursday, on the verge of surpassing its previous record low of 68.85 in August 2013, traders said.
The rupee was trading between 68.81 and 68.83 per dollar, compared with its close of 68.56 on Wednesday.
The rupee has been hit hard this month by a rally in the dollar and outflows from emerging markets, as well as worries about the country's demonetisation drive.
( Source : reuters )
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