RBI likely sold dollars to avoid a record low on rupee: Traders

India's central bank likely sold dollars via public sector banks to defend the rupee which was at risk of slipping to a record low, four traders told Reuters. The rupee was at 83.2425 to the U.S. dollar, not too far away from the record low of 83.29. Before the normal over-the-counter open at 9.00 a.m., USD/INR climbed to 83.3050 on the interbank order matching system.