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The rupee hits session low of 62.58, its lowest since October 2, on sluggish domestic equities and demand from private oil companies, traders say. The pair last traded at 62.54/55, up from Wednesday's close of 62.39/40.


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	Rupee recovered from the day&#39;s lows on Thursday after state-run banks likely sold dollars on behalf of the central bank, five dealers said.</div>
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	The partially convertible rupee recovered to 62.47/48 after hitting an intraday low of 62.73 on a Standard &amp; Poor&#39;s report about a possible rating downgrade next year if the new government failed to push economic growth.</div>
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	It had closed at 62.39/40 on Wednesday.</div>

Rupee off lows on suspected RBI intervention

State-run banks likely sold dollars on behalf of the central bank

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