Mumbai, Jan. 28 -- Indian Rupee slipped in early moves today and traded down around 20 paise down on January following a modet spurt in the US dollar index. The local currency quotes at 86.55 per US dollar as a drop extended following rebound from record lows last week. Yesterday, On January 27, the Reserve Bank of India (RBI) announced a slew of liquidity measures, which includes conduct of USD/INR Buy/Sell Swap auction of $5 billion for a tenor of six months. It didn't impact the currency markets immediately but is likely to help in stabilization over coming weeks.
Published by HT Digital Content Services with permission from Capital Market....