Mumbai: The rupee fell back by three paise to end at 60.39 against the US dollar but managed to log its fifth straight weekly rise on account of recent gains.
The rupee commenced lower at 60.44 a dollar from previous close of 60.36 at the Interbank Foreign Exchange (Forex) market. It was then trapped in a limited range of 60.3775 and 60.5175 before finishing at 60.39 -- a small loss of three
paise or 0.05 per cent.
In previous two days, it had risen by 32 paise or 0.53 per cent. These gains helped the domestic currency register its fifth straight weekly gains as it appreciated by 11 paise.
In the preceding four weeks, it had gained 3 paise, 29 paise, 39 paise and 3 paise against the Greenback.
Meanwhile, the Indian benchmark S&P BSE Sensex declined by another 59.23 points, or 0.22 per cent.
FPIs/FIIs injected USD 286.54 million, as per provisional data after picking up shares worth a net USD 216.91 million on Wednesday.
The dollar index was down 0.10 per cent against its major global rivals ahead of announcement of US non-farm payrolls for August.
Meanwhile, the European Central Bank (ECB) surprisingly cut its key policy rates to record low and announced additional measures to fuel the flagging economy.
According to forex dealers, it will help Asian currencies as liquidity will flow into Asia, including India.
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