However, the rupee ended the year with an improved tone, recovering some 4.2% from the record low of 57.32 touched in June
Fresh selling of dollar by banks on hopes of more capital inflows from foreign funds into equity market influenced rupee
Facing challenges: non-performing assets rise, agri loan payments hit by bad monsoon
Fails to retain initial gains, banks & exporters preferred to reduce dollar position on back of sustained capital inflows from foreign funds
Sustained dollar demand from banks and importers affected the rupee
Declined to say whether the central bank would ease by cutting interest rates or lowering bank reserve requirements
RUPEE-INDIA-DOLLAR-US-ELECTIONS:Rupee at its weakest since September 14
Euro's weakness against dollar overseas on Greece's debt crisis and US Presidential elections put pressure on local unit
Says it is not likely to 'sustainably strengthen' beyond Rs 50 a dollar without the intervention of the RBI
Dealers said dollar slipped against euro and yen after Obama was re-elected in a knife-edge US presidential election
Traders expect the United States to continue with its quantitative easing programme
Fresh dollar demand from banks and importers on the back of higher dollar in overseas market weigh on rupee
RUPEE-INDIA-DOLLAR:Rupee falls on euro zone woes