Indian rupee off from lifetime lows on cbank hand

MUMBAI, Oct 10 (Reuters) - The Indian rupee was hovering above lifetime lows on Friday buoyed by heavy dollar selling by the central bank.
* At 3:50 p.m. the partially convertible rupee was at 48.53/54 per dollar, weaker than 47.99/48.01 at close on Wednesday and above a lifetime low of 49.30 hit in early deals.
* The central bank is estimated to have sold about $1 billion so far in this session, helping the rupee recover from record lows of 49.30 reached earlier.
* India's main share index provisionally fell 6.99 percent on Friday as panicky investors joined a global sell-off with weak industrial output adding to the gloom. [.BO]. (Reporting by Saikat Chatterjee; Editing by Harish Nambiar)
source : reuters.com
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