The Indian rupee has been facing pressure against the US dollar, with traders looking to the Reserve Bank of India (RBI) for support. The rupee fell to a record low of 83.44 against the dollar, influenced by dollar demand from local oil companies and weakness in Asian currencies. Despite some fluctuations, the rupee remains close to its record low, with foreign banks' dollar sales providing some support. The rupee saw a slight rise of 9 paise to close at 83.44 against the dollar.