Indian rupee slides

The Indian rupee slid to its weakest level in more than three months on Thursday, putting traders on alert for possible intervention from the central bank as the outlook on the currency stays bleak. The rupee closed at 52.14/52.15 to the dollar, close to the intraday low of 52.165, a level last seen January 10. It had closed at 51.78/79 on Monday. The one-month offshore non-deliverable forward contracts were at 52.13.
In the currency futures market, the most-traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all ended around 52.22, on a total volume of $4.3 billion.