<div>The Reserve Bank of India is likely to have stepped in to prop up the rupee via state-run banks, from falling further after it opened at a nine-week low of 63.90 to the dollar, traders said.<br /><br />The rupee was trading at 63.76/77 versus its close of 63.71/72 on 12 November.<br /><br />The rupee is heading for a sixth straight-session slump, tracking the unexpected quickening of retail inflation in October, sparking rate hike fears as well as concerns over tapering of the dollar-swap window for oil firms.<br /><br />India's annual consumer price inflation for October rose 10.09 per cent on the back of high food and fuel prices, government data showed on 12 November.<br /><br />The rupee has already shed around 3.3 per cent over the last five sessions.<br /><br />(Reuters)</div>
