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The Economic Times

Markets / The Economic Times

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RBI sold dollars heavily before local spot market open, traders say

The Reserve Bank of India likely intervened in the foreign exchange market on Thursday, selling dollars to support the rupee after it hit a record low. Traders observed a sharp rally in the rupee just before the local market opened, with state-run banks reportedly acting on behalf of the RBI to shore up the currency against the dollar.

5 Mar 2026 9:46 am