After a gap of four months, the rupee fell below 53 to the dollar in early trade on Wednesday, triggering hope of possible intervention by the central bank. The closure was at 52.96 after trading between 53.01 and 52.60 per dollar. It had closed at 52.73 on Monday. According to market participants, the mere presence of the central bank helped the rupee regain 15 paise intraday, though intervention was only $100-150 million.


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