Indian rupee gains,heavy RBI hand seen

Yesterday,Indian rupee fell by a whopping 163 paise to close at 67.63 on on tension over Syria.

Written by Reuters | Mumbai | Published: September 4, 2013 9:39 am

The Indian rupee gained on Wednesday as heavy US dollar selling by state-run banks,which dealers cited as likely on behalf of the central bank,helped offset early losses.

The Indian rupee closed at 67.065/075 to the US dollar as against Tuesday’s close of 67.63/64. It had fallen to 68.62 in early session,not far from its record low of 68.85 seen last week.

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