Reuters citing unnamed dealers for the information that the Reserve Bank of India likely sold US dollars on Tuesday to prevent further losses in the rupee.
- INR hovered near its lifetime low of 83.42, five traders told Reuters
- "They do not want the pair to rise above 83.38-83.40 levels, and we may see sales persisting through the day," a foreign exchange trader at a state-run bank said.
- rupee had hit its lifetime low of 83.42 on November 10
