RBI likely sold dollars, received forwards to stem rupee’s drop – traders
The rupee was last trading at 82.3850, down from 82.32 in the previous session after hitting a record low of 82.6825 on Monday. The rupee has traded in a narrow range of about 8 paisa so far in the session. In comparison, the Korean won is down 1.7% and the offshore Chinese yuan had declined 0.5% to the dollar.
