RBI sold dollars via state banks: traders

RUPEE-RBI-INTERVENTION:RBI sold dollars via state banks: traders

The RBI likely sold dollars via state-run banks starting at 57.22 rupees, after the rupee earlier hit a record low at 57.32, four dealers said on Friday.

At 4:22 pm, the rupee was trading at 57.11/12 per dollar versus previous close of 56.30/31.