MUMBAI, Oct 20 (Reuters) - The Indian central bank likely sold dollars via state-run banks on Thursday after worries over surging U.S. Treasury yields pushed the local currency to a record low, traders told Reuters.
The Indian rupee was last trading at 82.9350 per U.S. dollar, compared with the day's low of 83.2625 and 83.0200 in the previous session.
The local unit managed a swift recovery after dropping below 83.20.
"The intervention was quite aggressive," a trader at a private sector bank said. "Think the intention is to make sure rupee closes above 83." (Reporting by Nimesh Vora; Editing by Savio D'Souza)
