{"id":35610,"date":"2024-03-26T06:34:50","date_gmt":"2024-03-26T06:34:50","guid":{"rendered":"https:\/\/aveholidays.com\/news\/indian-cenbank-likely-sold-dollars-near-83-35-to-cap-rupee-depreciation-traders-say\/"},"modified":"2024-03-26T06:34:50","modified_gmt":"2024-03-26T06:34:50","slug":"indian-cenbank-likely-sold-dollars-near-83-35-to-cap-rupee-depreciation-traders-say","status":"publish","type":"news","link":"https:\/\/aveholidays.com\/news\/indian-cenbank-likely-sold-dollars-near-83-35-to-cap-rupee-depreciation-traders-say\/","title":{"rendered":"Indian cenbank likely sold dollars near 83.35 to cap rupee depreciation, traders say"},"content":{"rendered":"<p>MUMBAI, March 26 (Reuters) &#8211; The Indian central bank likely sold U.S. dollars on Tuesday to limit depreciation in the local unit after it fell to a record low on Friday, five traders told Reuters.<\/p>\n<p>The rupee was at 83.3225 against the dollar as of 09:45 a.m. IST, up 0.1% compared with its close at 83.4250 on Friday. The rupee fell to its record low of 83.43 in the closing minutes of the session on Friday.<\/p>\n<p>Indian markets were shut on Monday for a local holiday.<\/p>\n<p>In light of the intervention, 83.35-83.40 should now serve as a &#8220;strong support zone&#8221; for the rupee, a foreign exchange trader at a private bank said.<\/p>\n<p>Most of the rupee&#8217;s Asian peers ticked up on Tuesday, with the offshore Chinese yuan up nearly 0.1% at 7.24.<\/p>\n<p>(Reporting by Jaspreet Kalra; Editing by Mrigank Dhaniwala)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI, March 26 (Reuters) &#8211; The Indian central bank likely sold U.S. dollars on Tuesday to limit depreciation in the local unit after it fell to a record low on Friday, five traders told Reuters. The rupee was at 83.3225 against the dollar as of&hellip;<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian cenbank likely sold dollars near 83.35 to cap rupee depreciation, traders say - Holidays and Observances Around the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aveholidays.com\/news\/indian-cenbank-likely-sold-dollars-near-83-35-to-cap-rupee-depreciation-traders-say\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian cenbank likely sold dollars near 83.35 to cap rupee depreciation, traders say - Holidays and Observances Around the World\" \/>\n<meta property=\"og:description\" content=\"MUMBAI, March 26 (Reuters) &#8211; The Indian central bank likely sold U.S. dollars on Tuesday to limit depreciation in the local unit after it fell to a record low on Friday, five traders told Reuters. 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