At the interbank foreign exchange, the rupee opened at 81.08 against the greenback, then fell further to 81.23, registering a fall of 44 paise over its previous closing.
At the interbank foreign exchange market, the rupee opened lower at 77.72 against the greenback and finally settled for the day at 77.72, down 10 paise over its previous close.
Forex traders said risk appetite has weakened amid mounting concerns about inflation that may trigger more aggressive rate hikes by global central banks.
Halting its three-day winning run, the rupee on Wednesday declined by 10 paise to close at 74.59 (provisional) against the US dollar.
Rupee turned weak and slipped to trade at a fresh lifetime low of 74.27, showing a fall of 21 paise over its Monday's close of 74.06.
Increased demand for the US currency from importers and banks amid fresh foreign fund outflows mainly hit the rupee sentiment, forex traders said.
Mumbai, Dec 19: Snapping its two-session gaining string, the rupee today settled down by 16 paise at 52.86/87 against the dollar due to fresh demand for the US currency from importers amid weak local stocks
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