[The Reserve Bank of India May Sell Dollars to Support the Rupee] According to a report by Jinse Finance, five traders stated that the Reserve Bank of India (RBI) might sell dollars on Thursday to support the rupee. The Indian rupee is under pressure from ongoing asset outflows and is hovering near its historical low. Traders mentioned that state-owned banks were offering dollars around the 88.70 level, likely acting on behalf of the RBI. A trader from a state-owned bank said: 'The central bank is present around the 88.68-88.70 level, but very weakly. They are not active.'