MUMBAI, Jan 20 (Reuters) - The Indian central bank was likely selling dollars to limit the rupee's weakness on Tuesday, four traders told Reuters, as the currency remains within touching distance of a fresh record low.

The rupee was last at 90.99 per dollar as of 11:00 a.m. IST, down 0.1% on the day. The currency declined to 91.0525 earlier in the day, threatening to breach its all-time low of 91.0750 hit last month.

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Some state-run banks were spotted offering dollars, but the quantity was very limited as has been the trend in the last two days, one of the traders said.

https://www.reuters.com/world/india/indian-central-bank-likely-selling-dollars-curb-rupees-slide-traders-say-2026-01-20/