MUMBAI, Dec 18 Reuters The Indian rupee hit its alltime low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.

The rupee fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07.

Weakness in regional currencies ahead of the Federal Reserve39;s policy decision due in U.S. trading hours also hurt the rupee alongside speculative dollar bids amid a lingering bearish bias on the local unit.

Benchmark Indian equity indexes BSE Sensex and Nifty 50 ended lower by about 0.6 each.

Worries over India39;s growth outlook have kept the rupee under pressure, alongside a wellsupported dollar following Donald Trump39;s election victory.

The dollar index was last at 106.7, and has risen over 3 since the Nov. 5 election.

Despite the pressures, the rupee has fared better than most of its regional peers since then, on the back of routine interventions by the Reserve Bank of India.

The local unit is down 0.9, while its peers have weakened between 1.8 and 4.4.

The RBI likely sold dollars and conducted dollarrupee buysell swaps on Wednesday as well, as part of its measures to support the currency.

The central bank has complemented spot market intervention with dollarrupee buysell swaps in recent sessions, likely intended to prevent the impact of spot dollar sales on headline foreign exchange reserves and INR liquidity, traders said….