Reuters Market Eye - The rupee is trading at 62.0875/0925 vs Wednesday's close of 61.96/97.
The Indian unit had earlier fallen to as much as 62.22, the lowest level since Feb. 20.
Sheds losses as custodian banks sell dollars for their foreign fund clients, according to traders.
Earlier, traders also spotted central bank likely selling dollars through state-owned banks to stem a fall in the rupee.
The rupee is seen in 61.90/62.20 until close.
(Reporting by Neha Dasgupta)
