Rupee off lows on suspected RBI intervention: dealers

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rupee-symbolIndia November 7 : The Indian rupee recovered from the day’s lows on Thursday after state-run banks likely sold dollars on behalf of the central bank, five dealers said.

The partially convertible rupee recovered to 62.47/48 after meeting an intraday low of 62.73 on a Standard .
Poor’s report about a possible rating downgrade next year if the new government failed to push economic growth.

It had closed at 62.39/40 on Wednesday.

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