The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
The rupee had lost 21 paise on Tuesday's trade.
Rupee is seen strengthening against the dollar.
Weakness in the greenback overseas against the backdrop of sluggish US macro data outcome helped the home currency move higher
Strong foreign fund inflows, a weakening dollar and slipping oil prices propped up the local unit.
The Indian rupee on Friday rose for the fifth straight session against the Greenback and ended at 62.46.
Persistent selling of the American currency by exporters and bank supported the rupee
Rupee falls 5 paise against dollar, ends at 61.92.
Fresh demand for the American unit from importers put pressure on the rupee.
The US dollar index, which tracks the greenback against a basket of six major currencies, was 0.38 per cent lower at 95.41.
The currency had gained by 88 paise in the past seven days.
Rising for the fifth straight session, the rupee gained 9 paise at 66.31 against the dollar in early trade on Monday.
The Indian rupee was off to a bad start in the new year as it suffered the worst single-day drop in over two weeks today by falling 32 paise to end at 63.35 against the US dollar.
The rupee had shed one paise to end at one-month low of 61.74 against the US dollar in Tuesday's trade.
The local currency had gained 17 paise to close at three-month high of 66.37 in Wednesday's trade.
Fresh demand for the American unit from importers put pressure on the rupee.
Traders broadly expect the rupee to stay in a 61.50 to 63.50 range over the next three months.
The rupee continued its downslide for the second session in a row, depreciating by 20 paise to close at more than one-week low of 62.51 against the greenback.
Market opened higher tracking robust global cues amid strong foreign fund inflows.
Unwinding of long dollar positions by banks too aided the sentiment
Abheek Barua & Bidisha Ganguly explain why the US treasury should intervene if the overvalued greenback continues to rise.
The rupee had ended almost flat at 61.41 against the Greenback in the previous session on Wednesday on alternate bouts of buying and selling.
It will have a positive impact on India's trade deficit and GDP growth.
Between October and December of 2013, the central bank net purchased $17.498 billion from the market.
Healthy demand for the American unit from importers and corporate weighed on the rupee
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
Year-to-date, the rupee is the worst-performing currency in Asia, weakening 4.184 per cent against the US dollar.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
The dollar maintained its bullish momentum in Asian and early European trade
The domestic currency had lost 49 paise to close at a three-month low of 60.55 on Thursday on capital outflows after the US Fed trimmed its monthly bond buying programme by another $10 billion.
The uncertainty over the gravity of the pandemic's impact on the global economy and financial markets worldwide triggered a flight to safety among foreign investors as they rushed to exit from relatively riskier investment destinations, such as emerging markets like India, a report said.
In international market, the dollar rallied against the Japanese yen, stretching its gains which spiked above the key 100-yen level for the first time in four years.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
The rupee had lost 33 paise, the most in a week, to close at 59.89 against the dollar on Monday on fresh demand from banks and importers amid disappointing industrial production, a fall in exports and higher inflation.
A resurgent US dollar is the key feature of the current scenario and its value continues to drive other markets, from euro, yen to the INR. Most currencies continue to seek lower valuations against the greenback. This trend is likely to continue until the dollar peaks out by yearend at around 89 as opposed to 84.5 right now, says Sonali Ranade
As the rupee breached the 57-level against the dollar on Friday, Deutsche Bank said the fall is temporary and it was not worried about outlook of the Indian unit which is likely to bounce back in second half of 2013.
The Maldives has an open economy with a narrow export base but high dependence on imports for most of its economic activities. As a result, foreign merchandise trade normally records a large deficit.
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
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