The Indian rupee slipped to an all-time low on Tuesday, pressured by weakness in its regional peers and likely outflows from local equities while intervention by the Reserve Bank of India helped curb sharp declines, traders said.
The rupee weakened to its record low of 84.0825 against the U.S. dollar, inching past the previous all-time low of 84.0775 hit last Friday.
Asian currencies were down between 0.1% to 0.4% while the dollar index was at 103.9, hovering close to its highest level in two months.
Dollar sales by state-run banks, most likely on behalf of the RBI, helped the rupee stave off sharp declines, traders said.
