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RBI likely intervened as rupee neared record low - dealers

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Reuters MUMBAI

MUMBAI (Reuters) - The Reserve Bank of India's (RBI) likely sold dollars via state-run banks on Wednesday as the rupee headed towards a record low, three dealers told Reuters.

The RBI likely sold dollars from 61.17 levels, they said. The rupee was last at 61.12/13, not far from the life low of 61.21 seen on July 8.

(Reporting by Subhadip Sircar and Swati Bhat; Editing by Rafael Nam)

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First Published: Jul 31 2013 | 9:50 AM IST

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