MUMBAI, Aug 14 Reuters The Indian rupee slipped to a near 10month low on Monday, tracking a stronger dollar which led to losses across Asian currencies, but likely dollar sales by the country39;s central bank capped losses.

The rupee ended at 82.9500 to the U.S. currency compared with a previous close of 82.8450.

The unit had fallen to 83.0725 intraday, the lowest since Oct. 20, 2022, but trimmed losses on dollar sales by staterun banks, likely on behalf of the Reserve Bank of India RBI, three traders told Reuters.

The rupee is broadly taking cues from the dollar index and fundamentals point to a broad strength in the dollar, said V. Lakshmanan, head of treasury at Federal Bank.

We think the rupee will find good support around the 83perdollar mark as the RBI will likely step in to prevent volatility in the forex market, Lakshmanan added.

Asian currencies lost between 0.1 to 0.7, while the offshore Chinese yuan was down to 7.28, its lowest in more than a month on the back of higher U.S. Treasury yields.

The 10year U.S. yield was at 4.16, having risen nine basis points on Friday after U.S. producer price inflation in July came in hotter than economists39; expectations.

The rise in U.S. yields came despite a small drop in the University of Michigan survey39;s measure of longrun inflation expectations.

The rise in U.S. yields lifted the dollar index to above 103 on Monday, adding to Friday39;s 0.3 rise.

USDINR forward premiums dropped, with the oneyear implied…