The rupee was trading weak at 66.22 per dollar, down by 24 paise, in the evening deals in the midst of persistent bouts of dollar demand from importers amid weakness in global equities.
The Indian rupee resumed sharply lower at 66.20 per dollar against overnight level of 65.98 at the Interbank Foreign Exchange (Forex) market.
It hovered in a range of 66.23 to 66.03 per dollar during the evening deals before quoting 66.22 at 4.25 pm local time.
“Federal Reserve not hiking rates initially triggered global risk-on rally, but likely Fed lift-off in December and weak China PMI has reversed the sentiment back to risk-off, a dealer said.
Safe-haven buying has helped the dollar rally, the dealer said, adding that the rupee has been resilient with RBI presence on both sides and the USD-INR pair is expected to trade in a range of 65.95-66.25 a dollar today.
Oil prices edged up after taking a hit in the previous session in response to a mixed US stockpiles report, but analysts warned that headwinds remained in place for the under-pressure commodity.
Meanwhile, the benchmark BSE Sensex ended slightly higher by 40.51 points at 25,863.50.