Market News
Rupee flat as cenbank intervention helps offset equity outflows pressure - REUTERS
MUMBAI, Nov 8 (Reuters) - The Indian rupee was little changed near a record low on Friday, as likely intervention by the central bank countered the impact of outflows from local stocks.
The rupee was at 84.37 as of 11:40 a.m. IST, just shy of its all-time low of 84.3775 hit in the previous session.
State-run banks were spotted offering dollars, most likely on behalf of the Reserve Bank of India, near 84.37-84.3750 levels, traders said.
