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USD/INR Falls Below 90 Mark Again; Traders Disclose Central Bank's Intervention Through State-Owned Banks
USD/INR has once again fallen below the 90 mark. It last printed at 90.124.According to a Reuters report, traders disclosed that Indian state-owned banks were selling US dollars on...
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USD/INR Falls Below 90 Mark Again; Traders Disclose Central Bank's Intervention Through State-Owned Banks
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USD/INR has once again fallen below the 90 mark. It last printed at 90.124.

According to a Reuters report, traders disclosed that Indian state-owned banks were selling US dollars on behalf of the Indian central bank in the market, and that today's (2nd) intervention was particularly noticeable, even though the central bank may have already been intervening in the market in recent days. Lately, the Indian rupee has remained supported when USD/INR was hovering at the 90 level.

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