Mumbai: After a brief overnight recovery, the rupee once again turned shaky and ended lower by 10 paise to 67.20 against the US dollar due to fresh demand for the greenback from importers and banks.
Strong domestic equity markets alongside consistent capital flows even failed to restrict the rupee fall against the dollar, a forex dealer said.
A sharp overnight rebound in dollar value on the back of buoyant macro cues also added to the downward pressure.
The home unit opened lower at 67.15 a dollar from Tuesday's closing value of 67.10 at the Interbank Foreign Exchange (Forex) market here on bouts of dollar demand.
It remained under intense volatility throughout the day and drifted to hit a fresh intra-day low of 67.2525 before ending at 67.20, showing a loss of 10 paise, or 0.15 per cent.
The rupee had gained 10 paise on Tuesday after a two-day slide.
The RBI fixed the reference rate for the dollar at 67.1720 and euro at 73.9900.
In cross-currency trades, the rupee fell back against the pound sterling to settle at 88.42 as compared to 88.30 on Tuesday.
The local unit, however, firmed up against the euro to finish at 73.98 from 74.12 and also hardened against the Japanese yen to close at 63.07 per 100 yens from 63.21 earlier.
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