markets worry over mild RBI intervention
New Delhi. The Indian rupee fell sharply against the dollar on Thursday, despite gains by other Asian peers, as investors worried about the pace of its fall and a lack of strong intervention by the Reserve Bank of India (RBI).
Earlier, the rupee resumed higher at 71.62 against yesterday's closing level of 71.75 a dollar at the interbank foreign exchange market here.
The domestic unit hovered in wide range of gains and losses between 71.62 and 71.95 during morning deals. It was trading at 71.82 per dollar at 1035 hrs.