MUMBAI (Reuters) - Reserve Bank of India (RBI) was suspected of selling dollars vis state-run banks after the rupee fell to as much as 68.12 to a dollar on geopolitical worries and fears of a rating downgrade, three dealers told Reuters.
The rupee recovered to 67.90/94 to the dollar after the suspected intervention. It had closed at 66.00/01 on Monday.
(Reporting by Subhadip Sircar; Editing by Subhranshu Sahu)