Rupee falls 15 paise, RBI support said to prevent bigger drop
Mumbai: The Indian rupee closed 15 paise weaker on Friday, halting its two-day rally, with the Reserve Bank of India’s (RBI) likely intervention averting a steeper fall. The local currency closed at 87.9750 per dollar compared to Thursday’s 87.82/$1. The rupee had briefly weakened past the 88/$1 levels before the Indian spot markets opened, but…
