MUMBAI, Aug 5 (Reuters) - The Reserve Bank of India was likely selling dollars after the rupee dipped to a lifetime low on Monday amid severe risk aversion, four traders told Reuters.

The rupee was at 83.7850 to the U.S. dollar at 9:12 a.m. IST having dipped to an all-time low of 83.80 earlier.

"They (the central bank) are definitely there. Acting exactly the way you would think they would," a trader at a bank said.

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https://www.reuters.com/markets/currencies/indian-central-bank-likely-selling-dollars-around-8380-levels-traders-say-2024-08-05/