Reuters Market Eye – The rupee fell to as low as 62.13 on Thursday, its lowest since March 4. The the Indian unit was last trading at 62.1150/1200 versus previous close of 61.96/97.
The rupee is seen falling more, as state-owned banks seen buying dollars for Iran payments.
Traders see the RBI stepping in to support the rupee if the USD/INR pair gains sharply.
Thr rupee is seen in 61.90/62.20 during the session.
Globally, dollar gains after Fed minutes show members relatively unconcerned about greenback’s strength.
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