Getty ImagesThe Indian rupee was trading at 81.8275 per U.S. dollar, having reached 81.7325 earlier.
The long weekend inflows and the dollar offers from foreign banks are "once again running into a resolute" Reserve Bank of India (RBI), a trader at private sector bank said.
The state-run banks have been consistently on the bid since morning and it is "difficult to put it down to anything" other than the RBI, another trader said.
The dollar index was down 0.2% to 101.92.
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- Care Hospitals Buyout: Max Healthcare Sues TPG
The takeover battle for Care Hospitals has landed up in the Bombay High Court with Max Healthcare Institute filing a suit against private equity firm TPG after the Care owner spurned Max’s bid in favour of an offer by Blackstone, the world’s largest PE fund, that was about 15-20% higher, said people with knowledge of the matter.
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Brookfield Picks up 51% in Realty JV with BhartiCanada’s Brookfield Asset Management has acquired a 51% controlling stake in Rostrum Realty Pvt Ltd, a real estate joint venture company in which Sunil Mittal-led Bharti Enterprises will hold the remaining 49%.
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