The RBI was seen selling dollars via state-run banks, starting at around 63.85 levels, to pull the rupee off record lows, five dealers told Reuters.
Also read: Why Sensex, rupee are crashing: Mkt has lost faith in UPAThe rupee was last at 63.56/58 to the dollar, off its low of 64.13 seen early in session.
Bond yields also came off with the recovery in the rupee. The 10-year yield was last at 9.27 percent, up 4 basis points on the day, tracking the rupee recovery. It rose to 9.48 percent in session.
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