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RBI Seen Selling USD at Current Levels

INDIA
  • Reuters writes that the RBI are likely selling dollars via state-run banks, according to bankers and brokers.
  • They add that RBI are there "up to a certain level" to protect the INR, and that the RBI are likely intervening by selling spot currency and receiving near forwards.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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