The rupee fell 6 paise against the dollar to close at a record low of Rs 83.57 on Tuesday, weighed down by a strong dollar. The weakness in the local currency was in sync with that of other Asian currencies and comes ahead of the US Federal Reserve’s rate decision this week. 

The local currency plunged to as low as 83.5725, near to its previous record low of 83.5750 touched in April, but likely intervention from the Reserve Bank of India (RBI) prevented any further fall in the rupee.

“Stronger than expected US data and political uncertainty after the French president called for snap elections pushed euro-US dollar pair lower and the dollar index higher. Oil demand and rising crude oil prices are further adding to rupee weakness,” Kunal Sodhani, vice-pr…