The rupee slid by 8 paise to close at a more than one-month low of 74.14 against the US dollar on Wednesday, declining for a fourth session in a row due to month-end dollar demand and a stronger greenback in the global markets amid rising bond yields. The rupee dropped to an intra-day low of 74.26, a level not seen since August 26, but suspected RBI intervention limited its losses.In the four trading sessions to Wednesday, the rupee has lost 50 paise or 0.68 per cent as the US bond yields firmed up onfears of tapering in bond purchases by the US Fed before the end of the year.
