The domestic currency has tumbled by 104 paise, or 1.63 per cent, in last six trading days.
The trading range is expected to be within 63.00 to 63.80.
The rupee had hit a record low of 68.85 in August 2013.
Indian government bonds, particularly those of shorter maturity, strengthened sharply on Monday, as the collapse of the California-based Silicon Valley Bank (SVB) prompted investors to rush to the safety of American debt, leading to a decline in US bond yields.
The rupee had ended 5 paise lower at 67.49 on Monday.
The rupee had advanced 7 paise to end at 65.51 on Thursday.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
Global liquidity has gone down a little. What seems to have tipped the balance is a sudden realisation in the markets that the rising cost of cash would hurt global growth. That, in turn, would impinge on the demand for commodities and high-yielding currencies, says Abheek Barua.
On Monday, the rupee had lost 14 paise to close at 66.62 against the US dollar.
The dollar index surged to multi-year high.
The rupee ended steady against the American currency at 66.19 per dollar at the Interbank Foreign Exchange here today in view of steady dollar in the overseas market.
The rupee closed almost flat at 65.76 against the US dollar on some demand for the American currency from banks.
Rupee is under pressure against the dollar on weak cues.
The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate.
The domestic currency had gained seven paise on Friday.
The rupee touched a high and low of 65.91 agaisnt the greenback during the day.
The dollar index eased 0.05 per cent to 98.69.
The rupee had depreciated by 13 paise to end at 67.20.
The rupee is seen weakening against dollar in current week.
The dollar was firm against some global currencies which also weighed on the rupee.
Forex dealers attributed the fall to increased demand for the dollar.
Monday's morning trade sees increased selling of USD by exporters.
The rupee on Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar.
The rupee firmed up by 15 paise to close at 62.36 per dollar on fresh selling by banks
It hovered in a range of 63.57 and 63.70.
Dealers attributed the fall to the dollar's gains after China devalued yuan, which pushed up demand from importers for the US currency.
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
The rupee had risen for the fifth straight session on Thursday.
On Tuesday, the rupee had declined marginally by 3 paise to 66.03.
The rupee bounced back by 10 paise to end at 68.62 on Friday.
This is rupee's lowest since 62.32 on January 9.
The Indian rupee tumbled in line with its Asian peers due to persistent risk-off sentiment on the back of broad dollar strength.
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.
In cross-currency trades, the rupee firmed up further against the pound sterling
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
The rupee on Monday continued its upward march against the US dollar for the third day, firming up by another 10 paise to 66.00 on fag-end selling of the American currency by banks and exporters.
Reserve Bank Governor Shaktikanta Das on Friday said 67 per cent of the decline in the foreign exchange reserves since April was due to valuation changes arising from strengthening US dollar and higher American bond yields. The forex reserves, which stood at $606.475 billion as on April 2, have declined to $537.5 billion as on September 23. It was also the eighth straight week when the reserves declined.
However, foreign capital inflows into equity market restricted the rupee's fall to some extent.
The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
Strong recovery in the equity market boosted the rupee value against the dollar.
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