RBI Likely Sold Dollars To Stem Sharp Fall In Rupee, Say Dealers

INSUBCONTINENT EXCLUSIVE:
The Reserve Bank of India likely sold dollars via state-run banks at around 72 rupee to the dollar level to prevent the Indian currency from
slipping sharply, two dealers said.The Indian rupee was trading at 71.88 to the dollar after briefly falling to 72.04 in early trade
by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)