The rupee on Friday fell back by three paise to end at 60.39 against the US dollar but managed to log its fifth straight weekly rise on account of recent gains.
The rupee commenced lower at 60.44 a dollar from previous close of 60.36 at the Interbank Foreign Exchange (Forex) market. It was then trapped in a limited range of 60.3775 and 60.5175 before finishing at 60.39 — a small loss of three paise or 0.05 per cent.
In previous two days, it had risen by 32 paise or 0.53 per cent. These gains helped the domestic currency register its fifth straight weekly gains as it appreciated by 11 paise.
In the preceding four weeks, it had gained 3 paise, 29 paise, 39 paise and 3 paise against the Greenback.