Rupee flat; RBI intervention watched

Jun 26, 2012 |

Reuters

New Delhi

Tags:

rupee

The rupee was largely flat in opening trade on Tuesday tracking overall caution in risk assets, with investors still disappointed about the lack of bold measures to prop up the currency.

At 9.08 a.m., the rupee was at 56.90/93 to the dollar versus 57.01/02 last close.

Traders said any RBI intervention will be closely watched if the rupee moves towards its record low of 57.32 hit on Friday.

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