RBI likely sold dollars as stocks routed

The selling however doesn't look to be heavy

The RBI likely sold dollars via state-run banks in afternoon trading on Tuesday as the rupee fell mirroring the rout in stocks, four dealers said.

"The selling does not seem to be heavy. The RBI seems to have sold from around 53.30 levels," a chief dealer with a state-run bank said.

The rupee was last at 53.185/200 to the dollar compared to its 52.9150/9250 close on Monday. The BSE Sensex ended down 2.2%.