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The rupee weakened by another 14 paise, nearing a fresh seven-month low of 65.78, against the US dollar at the interbank forex market today on fresh demand for the greenback from importers and banks.
It recovered a bit to trade 7 paise down at 65.71 against the US dollar now.
Dealers attributed the rupee's persistent fall to increased demand for the US currency from importers and foreign fund outflows.
Yesterday, the rupee had lost 15 paise to end at a near 7-month low of 65.64 against the US dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions.
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