OctaFX | OctaFX Forex Broker
Open trading account

Reserve Bank of India sells the US dollars circa 72.35, Rupee rebounds

The recent reports crossing the wires, via Reuters, note that the Reserve Bank of India (RBI), the Indian central bank, is reportedly selling the US dollars via the state-run banks for the Indian National Rupee (INR) around 72.35 level.

The USD/INR cross rallied to 72.77 amid aggressive Rupee selling, as the Indian states elections results get underway. With the intervention chatter, the Rupee stemmed its fall and rose to 72.07 per USD, at the press time.


AUID/USD Technical Analysis: Attempting breakout amid news Trump is fearing impeachment

Hourly Chart AUD/USD Overview:     Today Last Price: 0.7208     Today Daily change: 22 pips     Today Daily change %: 0.306%     Today Daily
Read more Previous

USD/INR Technical Analysis: Looks north, state exit polls show Modi struggling

The Indian National Rupee (INR) has come under pressure in early trade as exit polls in the state elections are auguring badly for Prime Minister Nare
Read more Next
Start livechat