Rupee slips to record closing low, tracking decline in Asia FX
The Reserve Bank of India seal is pictured on a gate outside the RBI headquarters in Mumbai/ MUMBAI (Reuters) - The Indian rupee slipped to its weakest closing level on Monday, pressured by a decline in its Asian peers while likely intervention by the Reserve Bank of India ensured the currency did not weaken more. The rupee closed at 83.9725 against the U.S. dollar, after closing at 83.9550 in the previous session. The currency hovered in a narrow range between 83.95 and 83.97 during the session./ The RBI likely sold dollars to limit ...
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