The rupee resumed lower at 64.20 per dollar.
The rupee hit a new 44-month closing high against the US currency at Rs 44.7450/7550 per dollar on Wednesday due to sustained heavy foreign investment inflows.
Banks and importers preferred to increase their dollar position at the current level, a forex dealer said.
On Friday, the rupee had lost 6 paise.
The rupee had last ended at better levels at Rs 45.7800/7850 per dollar on September 15, 2000.
Snapping its two-day losing streak, the rupee on Monday bounced back by 9 paise to 66.67 against the US dollar.
Meanwhile, the rupee opened at Rs 46.11/12 per dollar and was quoted at Rs 46.1125/1225 in late morning deals, it changed little from overnight close of Rs 46.1150/1250.\n\n\n\n
The rupee on Monday tumbled against the US currency on a fresh wave of all-round dollar short-covering by banks, corporates and importers in the fairly active trade at the Interbank foreign exchange market.
Indian rupee washed out initial losses against the greenback.
the rupee had closed steady at 67.95 per dollar on Monday.
The rupee crashed further for the fourth straight session on Friday and nosedived by a whopping 56 paise due to persistent heavy dollar demand along with further rise in the US currency against other major world currencies.
on Monday, the rupee ended lower by 4 paise.
The domestic unit hovered in a range of 66.45 and 66.61 per dollar during the day.
Spurting by a whopping 21 paise, the rupee scaled a fresh over 50-1/2-month closing peak at Rs 43.53/54 per dollar on Wednesday.
The rupee is seen weakening against dollar in current week.
The partially convertible rupee was trading at 65.87/88 per dollar.
The rupee had ended 12 paise higher at 63.70 on Monday.
The rupee rallied smartly against the US currency and scaled a new 27-1/2-month closing peak of Rs 46.5350/5450 per dollar on Thursday.
It moved in a range of 66.9250 and 66.70 per dollar during the day
The rupee on Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar.
The rupee recovered by 13 paise to close at 66.31 per dollar on fresh selling of dollars by banks and exporters despite fall in equity market.
The dollar was weak against major world currencies.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Banks and exporters preferred to reduce their dollar position on hopes of further capital inflows as foreign portfolio investors infused $107.22 million yesterday as per the record of Securities and Exchange Board of India.
Recovering from early losses, the rupee on Friday ended marginally higher at 64.81 against the US dollar.
The domestic currency had lost 44 paise in the previous two days.
The rupee had gained 16 paise to close at over one-month high of 62.16 on Monday against the American currency on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets.
The rupee fell because of fresh demand for dollar from importers.
The US dollar jumped in overseas market on Wednesday.
The Indian currency has shrunk 2.92 per cent since Donald Trump's victory in the US presidential polls earlier this month.
The rupee had lost 11 paise to close at 66.44 against the dollar.
Weakness of dollar in the overseas market also boosted the rupee value, a forex dealer said.
The benchmark Sensex conquered yet another milestone of 28,000 for the first time briefly before concluding at a new closing peak of 27,915.88, a rise of 55.50 points of 0.20 per cent.
The dollar index was trading lower by 0.03 per cent against its major global rivals today.
Weakness in euro against the dollar weighed on the rupee.
Therupee staged a smart rebound from its low towards the fag-end trade on dollar selling as well as suspected intrusion by the Reserve Bank to end steady at 63.39.
However, foreign capital inflows into equity market restricted the rupee's fall to some extent.
The Indian rupee had lost 10 paise to close at 64 on Thursday.
Rupee edges higher against dollar at close.
The domestic currency had lost 15 paise to close at 63.82 on Wednesday.