RBI defended rupee at 72-mark: Forex dealers

The Reserve Bank of India (RBI) intervened heavily in the forex market on Friday, with a strong defence of the 72-mark to the US$ in a reversal of its recent light-handed approach, dealers said. The rupee's decline to 72 from 69 per $ - in just 15 trading sessions since mid-August - stoked speculation RBI wouldn't intervene, at all.

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