But, it trimmed initial gains and fell back on some dollar demand from banks and importers to touch an intra-day low of 67.39 during mid-morning deals.
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The Indian rupee fell for the ninth consecutive day by 26 paise to end at a fresh low of Rs 67.75 on demand for the USA currency.
Consistent unwinding by foreign investors on worries regarding the controversial tax issues as well as renewed possibility of the Federal Reserve raising U.S. interest rates predominantly kept home currency under intense pressure.
The rupee declined 0.1 percent at 67.4950 per dollar in Mumbai, prices from local banks compiled by Bloomberg show, after rising as much as 0.3 percent earlier. The currency touched a high and low of 67.60 and 67.31 respectively.
It also regained some ground against the euro and closed at 75.03 compared with 75.73 and recovered against the yen to settle at 61.13 per 100 yens as against 61.80 on Tuesday. Similarly, the dollar index climbed to 95.56 percent on May 25, 2016 from 80.45 on May 26, 2014, reflecting a change of 19 percent, in the past two years.
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The Indian rupee extended gains. On 24 May, the rupee continued to fall for the ninth consecutive day.
