The rupee slipped to 64.48 against the greenback in pre-close trade on Thursday.
The dollar inched higher on Thursday, with expectations of another Federal Reserve rate hike this year kept alive by a policy meeting that also pointed the way to a trimming of the huge emergency funds pumped into the economy since 2009.
The domestic unit opened up by 4 paise at 64.26 at the Interbank Foreign Exchange market today. It hovered in a range of 64.48 and 64.25 before quoting at 64.48, down 18 paise at 4.45 pm local time.
Yesterday, the rupee had gained 3 paise to end at 64.30 against the US dollar on persistent selling of the American currency by exporters and also helped by a cooling inflation.