B · Normal
[Trader: The Reserve Bank of India sold U.S. dollars, further boosting the rise of the rupee] On September 3, informed traders revealed that the Bank of India once again sold U.S. dollars in the domestic foreign exchange market, further boosting the strength of the local currency, the rupee. The person concerned requested anonymity because they were not authorized to speak publicly. The dollar fell 0.5% against the Indian rupee to 94.4763, its biggest intraday loss of 0.7%. A spokesman for the Reserve Bank of India did not respond to an email for comment.
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