MUMBAI May 22 The Reserve Bank of India was
spotted buying dollars via state-run banks starting around
58.55, which was the rupee's strongest intraday level, three
The rupee was at 58.57/58 per dollar by 0422 GMT,
off its session high of 58.5450. The currency closed at
58.7750/7850 on Wednesday.
The rupee had gained at open on expectations of continued
robust foreign buying in domestic shares and debt after minutes
of the U.S. Federal Reserve's last meeting backed bets of a
slower withdrawal of the stimulus.
(Reporting by Neha Dasgupta; Editing by Anand Basu)