Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
The rupee had gained five paise to close at 63.25 against the dollar in on Monday's trade on fresh selling of the US currency by exporters amid bullish stocks.
The domestic airlines industry is estimated to have posted losses to the tune of over Rs 10,000 crore (Rs 100 billion) in the previous fiscal, nearly 18 per cent down from a year ago.
A higher opening in the domestic equity market also supported the rupee but dollar's gain against other currencies overseas limited the rise of domestic unit, forex dealers said.
Rupee ends at 61.89 against the dollar, falls for second straight day.
"You will see further improvement after an immediate reaction and the markets will calm down," says Vikas Khemani.
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
The rupee closed at 60.76/77 on Tuesday.
She said the situation arising out of demonetisation has triggered a sort of constitutional crisis.
In New York market, the dollar fell against euro late yesterday, as European Central Bank President Mario Draghi said that central bank officials had discussed quantitative easing as an option to fight falling inflation.
But gains in the rupee were kept in check as domestic shares faltered, ending a five-session gain.
The partially convertible rupee closed at 61.31/32 per dollar, unchanged from its Tuesday close.
In the global markets, the euro was under pressure against the US dollar yesterday, dragged lower as European monetary policy officials indicated willingness towards supporting more stimulus measures to aid the regional economy.
The concessional swap windows have attracted about $25 billion, RBI deputy governor HR Khan said on Monday.
The rupee's gains came even as most emerging Asian currencies eased as the yuan fell beyond 6.20 to the dollar for the first time since April last year amid market speculation that the central bank will keep the currency weak as economic growth slows.
During deleveraging the income falls more than reduction in debt due to the austerity measures.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
Rupee logs longest winning streak since 2012; up 19 paise.
The Indian economy's election-year syndrome cannot be ignored, says A K Bhattacharya.
In Hong Kong market, the dollar fell against Japanese yen in early trade after the release of a set of stronger- than-expected economic data.
Exporters, however, ought to be very concerned if premiums fall below 59 paise in the coming week.
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
The rupee gained 28 paise on Thursday to close at 62.50.
Govt sees little Fed hike impact on 'fortressed' Indian markets.
Dealers attributed the rupee's fall to fresh demand for USD.
Rating agency Moody's on Tuesday cautioned that a third front government created by regional parties could lead to capital flight and delay economic recovery.
The Centre was seized of the issue of the continuing appreciation of the rupee against the dollar adversely affecting the exporting community, Union Commerce and Industry Minister Arun Jaitley said on Saturday.
Forex dealers said besides increased selling of the American currency by exporters and banks, a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas supported the rupee.
Fag-end selling of dollars by banks and exporters
Forex dealers said besides the dollar's gains against other currencies overseas, increased demand from importers for the American unit put pressure on the rupee but a higher opening in the domestic equity market capped losses.
With her various overtures and right noises at the right time, Mamata is once again trying to reshape her image from being a regional leader to one with national appeal and acceptability. After all, the charge of building a Federal Front may also bring to the fore Mamata's chances to become prime minister in 2019.
The rupee fell 13 paise to end at 61.21 against the American currency in Wednesday's trade following fresh dollar demand from importers, amid uptick in retail inflation and slowing industrial production growth.
Pursuing a largely unrewarding Olympic sport in a cricket-obsessed country requires adjustments but heptathlete Swapna Barman has taken it to a new level -- squeezing six toes in each shoe designed for five.
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