The Indian rupee is likely to face continued pressure on Wednesday, with the U.S. dollar remaining strong and the local currency still under a bearish trend. This could push the rupee closer to a new lifetime low, although traders expect the central bank to step in and limit any sharp losses. The rupee weakened on Tuesday after the appointment of Sanjay Malhotra, a career bureaucrat, as the new Reserve Bank of India (RBI) governor, prompting traders to increase bets on rate cuts in India next year.