Traders, who did not wish to be named, said that the Indian rupee is approaching an all-time low, and the Bank of India is selling dollars in the onshore and offshore foreign exchange markets. The dollar fell 0.1% against the Indian rupee to 96.7162; the pair's all-time high was 96.9650. The USD/rupee one-month no-principal delivery forward foreign exchange once fell 0.1% to 97.15.

Traders, who did not wish to be named, said that the Indian rupee is approaching an all-time low, and the Bank of India is selling dollars in the onshore and offshore foreign exchange markets. The dollar fell 0.1% against the Indian rupee to 96.7162; the pair's all-time high was 96.9650. The USD/rupee one-month no-principal delivery forward foreign exchange fell 0.1% to 97.15 at one point.