MUMBAI, July 19 Reuters The rupee fell to its weakest closing level on record on Friday even as likely intervention from the Reserve Bank of India helped limit the pressure from a decline in its Asian peers and persistent dollar bids from two large foreign banks pressured the currency, traders said.

The rupee closed at 83.6625 against the U.S. dollar, marginally lower compared with its close of 83.65 in the previous session. The currency was down 0.1 weekonweek.

The Reserve Bank of India likely intervened in the nondeliverable forward NDF market to cap deprecation in the currency, which had hit its alltime low of 83.6650 on June 20.

The RBI has intervened in the NDF market on multiple occasions previously, close to the time when the local overthecounter market opens in order to help the rupee, traders said.

The central bank has been present in the NDF market but doesn39;t appear keen to push the rupee higher, a trader at a foreign bank added.

The trader expects the RBI to allow gradual weakness in the currency but it39;s likely to be limited near 83.7083.75.

Asian currencies were mostly weaker, with the Thai baht down nearly 0.5 and leading losses. The dollar index was up 0.2 at 104.3, having recovered from its weakest level in four months hit earlier in the week.

Meanwhile, the benchmark Indian equity index Nifty 50 dropped more than 1 on Friday.

While a widespread IT outage impacted trading in oil, stocks, currencies and bonds globally on Friday, volatility was…