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RBI likely sold dollars via state-run banks - dealers

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Reuters MUMBAI

MUMBAI (Reuters) - The Reserve Bank of India likely sold dollars via state-run banks to pull back the rupee from one-month lows in late Friday trading, three dealers told Reuters. The RBI likely sold dollars from 62.50 rupee levels, they said.

The partially convertible rupee was last at 62.24/25 versus its Thursday's close of 62.26/27. It fell to 62.56 during the session, its lowest since November 29.

(Reporting by Subhadip Sircar; Editing by Gopakumar Warrier)

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First Published: Jan 03 2014 | 4:04 PM IST

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