However, the RBI intervened in the market through state-run banks and capped the steep rise. The RBI had mopped up dollars in the last two days to stem the rupee’s rise. The rupee finally settled at 65.69, showing a smart gain of 13 paise, or 0.20 per cent. The 50-scrip NSE barometer retreated from its record high to end at 9,084.80, a fall of 2.20 points, or 0.02 per cent. Foreign investors made net investments of Rs 4,087 crore ($625.76 million) worth of shares on Tuesday, according to the BSE data.

Source: Indian Express March 15, 2017 20:15 UTC