Retreating from three-week high, the rupee on Friday slid 8 paise to end at 61.83 on month-end dollar demand from importers and some banks ahead of Union Budget.
The rupee resumed lower at 61.85 per dollar at the Interbank Foreign Exchange (Forex) Market. It dropped further to 61.91 per dollar on good dollar demand from importers.
However, the domestic currency recovered to 61.75 on selling of dollars by banks and exporters in view of strong foreign capital inflows in view of firm equity market before finishing at 61.83 per dollar.
Globally, the dollar index was down by 0.26 per cent against a basket of its major global rivals.
The dollar was lower against the yen and the euro in Asian trade on Friday, with the greenback unable to extend overnight gains triggered by strengthening hopes for higher U.S. interest rates.
