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India's central bank likely intervened near open to support rupee, traders say
MUMBAI: The Reserve Bank of India likely sold dollars near the market open on Thursday to support the rupee, four traders said, with the currency within striking distance of its all-time low. The rupee opened stronger at 96.6825 per dollar firmer than market indications of an opening near 96.80, amid signs of RBI intervention. The currency’s all-time low is 96.96, hit in May.‑Reuters
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