Reuters Market Eye - The rupee is trading at 61.45/46 versus Thursday's 61.34/35 close.
The rupee touched 61.495 early, its lowest since Aug. 8.
The dollar at near-four-year highs against a basket of major currencies.
Month-end dollar demand from importers will also hurt the rupee.
Foreign fund flows key for direction.
Nifty trading down 0.12 percent.
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Traders say the RBI may also step in to limit very sharp gains in the pair.
(Reporting by Swati Bhat)