The rupee opened the day lower at 61.92 to the dollar a drop of 29 paise over Tuesday's close. There were renewed fears that the US Federal Reserve would start tapering its asset purchase programme, following strong data from the US.
Asian markets slid and emerging market currencies were generally weaker against the US dollar.
Dealers say much would depend on US economic data and strong data would hasten the tapering-off process, making the Indian currency more vulnerable to a downfall. Check rupee rates here