MUMBAI (Reuters) – The Reserve Financial institution of India was doubtless promoting U.S. {dollars} on Thursday to stop the rupee from weakening previous the important thing psychological stage of 84, 4 merchants informed Reuters.
The rupee was quoting at 83.9675 per U.S. greenback in comparison with 83.9650 within the earlier session.
The rupee “has not caught any reduction” from the “useful Asia cues” and once more wants the assistance of RBI, a forex dealer at a mid-sized personal sector financial institution stated.
Different Asian currencies had been larger on Thursday amid rising expectations the Federal Reserve will determine on a big charge reduce at this month’s assembly.
