According to Sina Finance, traders said the Reserve Bank of India sold U.S. dollars in offshore and local foreign-exchange markets to support the rupee.

The dollar/rupee pair climbed 0.3% to 95.8087, its highest level since July 28.

Pressure on the local currency grew as oil prices rose, and the rupee has fallen more than 6% this year, lagging most Asian currencies.

A Reserve Bank of India spokesperson had not replied to a request for comment.