Rupees witness against the doller

Rupee has been witnessing record lows for the last six trading sessions. This fall is despite mild intervention by the RBI.
Reserve Bank of India’s (RBI) recent fight to defend the rupee has had muted success, with the currency hitting new record lows despite several administrative measures as well as selling of dollars in the market by the central bank. Two weeks ago the RBI directed exporters to sell half the foreign currency in their accounts and made it easier for the market to absorb large foreign exchange transactions.