In EUROCRYPT’20, Bao et al. have proved that three rounds of cascaded LRW1 construction provides security up to \(2^{2n/3}\) queries. However, in a recent work by Khairallah et al., it has been shown that the construction provides only birthday bound security via exhibiting a distinguishing attack on the construction, and thereby invalidating the claim of Bao et al. In an independent and contemporaneous work, Datta et al. have shown that four rounds of cascading of the \(\textsf {LRW1}\) construction, dubbed as \(\textsf {CLRW1}^4\) -based on four independent keyed block ciphers-achieves 3n/4-bit CCA security. In this paper, we have shown that a key reduced variant of the \(\textsf {CLRW1}^4\) construction, dubbed as \(\textsf {R}{-}\textsf {CLRW1}^4\) based on two independent keyed block ciphers, achieves 2n/3-bit CCA security. The security proof of our construction relies on a heavy use of the H-Coefficient technique and non-trivial analysis in lower bounding the real interpolation probability for good transcripts.