India central bank intervenes to protect rupee from oil strain, traders say

MUMBAI, Sept 4 (Reuters) - The Reserve Bank of India was seen selling dollars near the start of Friday's session to cushion ⁠the rupee from pressure stemming from the rise in oil prices, two traders said.

The rupee opened a tad ⁠higher at 94.46 on Friday versus 94.4850 on Thursday, ⁠with RBI intervention helping the currency shrug ⁠off indications of a weaker ⁠open, traders said.

Reporting by Nimesh Vora; Editing by Nivedita Bhattacharjee

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