Mumbai, August 12: The Indian rupee lost another 7 paise to end at nearly a 3-week low of 46.77/78 against the US dollar today due to firmness of the American currency overseas amid weak domestic equity markets in the Asian region.
Moving in tandem with local equities, the domestic unit opened sharply lower at 46.95/97 a dollar from its overnight close of 46.70/71 and breached the 47-mark to log a low of 47.05, a level not seen since July 26, 2010.
It later touched a high of 46.76 before settling the day at 46.77/78 a dollar. This is the third straight day of losses for the rupee against the US dollar.
Forex dealers said a smart rebound in the benchmark Sensex after mid-session helped the rupee to recover major part of its early losses.
—Agencies