In forward market, premium for dollar declined in view of mild receivings from exporters.
Volatile currency market sentiment across Asia following a fresh round of China's yuan depreciation further added to gloom.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
The rupee weakened even as the dollar fell against major global currencies
Rupee rises by 16 paise against dollar on fresh selling.
The US dollar's weakness against some currencies overseas capped the losses.
The rupee on Tuesday gained 29 paise to close at seven-month high of 60.48 against the dollar on sustained selling of the US currency by exporters and banks.
The rupee on Tuesday recovered from its two-week low to end steady at 66.60 against the American currency, inching up by a paisa on the back of mild dollar selling.
The rupee hit a near 10-month high as an alliance led by pro-reform and business friendly Hindu nationalist Narendra was on course for an absolute majority.
Bouts of month-end dollar demand from banks and importers hit the rupee
The rupee recovered by 15 paise at 65.49 against the US dollar.
Fresh selling of dollars by banks and exporters on the back of good foreign capital inflows helped the rupee
Markets ended in red, index heavyweights drag.
The rupee had firmed up 16 paise to close at 67.52 on Thursday.
00 hours. The overall investors' wealth, measured in terms of valuation of all listed stocks, was down by nearly Rs 6 lakh crore in early morning trade, from nearly Rs 111.44 lakh crore at the end of Tuesday's trade.
The rupee on Tuesday weakened by 15 paise to close at 63.30 against the US currency
Rupee was impacted by renewed dollar demand from banks and importers amid sharp falls in equity market
The depreciating rupee against dollar has a short-term benefit for the IT industry and the sector should not depend on currency management for profits, a top functionary of industry body Nasscom said.
The rupee had lost 27 paise to close at more than 5-week low.
The rupee declined marginally by 3 paise to 66.03 per dollar on fresh demand for the US currency from banks and importers.
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
Lower dollar in the overseas market also boosted the rupee value
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
The home currency failed to keep momentum going and largely traded in a narrow range with positive bias in the absence of any market moving factors
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
Increased demand for the dollar from importers affected the value of the rupee
The rupee slipped marginally by two paise at 66.43 against the US dollar on good demand
The rupee on Monday ended lower by 23 paise to close at an over two-week low of 67.31 against the US currency.
The rupee has lost 37 paise or 0.55 per cent in two days.
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
Rupee ends day stronger against the dollar.
The local currency had lost 119 paise in the past five sessions on rising worries over current account gap and fears that withdrawal of US stimulus will hit inflows from overseas.
Tracking local stocks, rupee on Tuesday regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery.
India's current account deficit narrowed sharply to just $300 million
Unwinding of long dollar positions by banks too aided the sentiment
The rupee ended almost flat against the dollar.
The rupee had dropped by 18 paise to end at 66.40
At lower levels, a supportive buying in dollar forced rupee to depreciate since opening trade