The rupee fell to a record low of 83.45 in the closing minutes of the session. It was at 83.37 against the dollar as of 03:28 p.m. IST, down by 0.1% compared with its close of 83.28 on Tuesday
 "RBI likely sold US dollars after rupee slips to fresh record low: Traders")
Reuters MUMBAI
The Indian central bank likely sold U.S. dollars to cap further deprecation in the rupee after the currency hit a fresh record low on Wednesday due to strong dollar demand from local importers and oil companies, four traders told Reuters.
The rupee fell to a record low of 83.45 in the closing minutes of the session. It was at 83.37 against the dollar as of 03:28 p.m. IST, down by 0.1% compared with its close of 83.28 on Tuesday.
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During the session, the rupee was also pressured by weakness in the offshore Chinese yuan and the Japanese yen. At least three state-run banks were seen offering dollars, likely on behalf of the Reserve Bank of India, near the end of the session, traders said.
