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Markets

Indian rupee flat; RBI intervention watched

Published June 26, 2012 Updated June 26, 2012 04:45am

indian-rupeeMUMBAI: The Indian rupee was largely flat in opening trade on Tuesday tracking overall caution in risk assets, with investors still disappointed about the lack of bold measures to prop up the currency.

At 9.08 a.m., the rupee was at 56.90/93 to the dollar versus 57.01/02 last close.

Traders said any RBI intervention will be closely watched if the rupee moves towards its record low of 57.32 hit on Friday.

Copyright Reuters, 2012

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