The Indian rupee declined to its weakest level in more than two months on Tuesday under pressure from persistent foreign selling of local assets, drawing likely central bank intervention as the South Asian unit nears a record low.The rupee declined 0.15% to 96.43 per dollar, its weakest level since July, before paring losses slightly. The currency hit a record low of 96.96 in May.Traders reckon that the central bank, despite its almost daily interventions through dollar sales that helped anchor the local currency, is unlikely to fight the tide indefinitely."While the FX intervention response has been strong, the central bank…