Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent lower at 109.38

At the interbank foreign exchange, the rupee opened at 86.12 and fell to the lowest ever level of 86.59 against the greenback during mid-session, registering a loss of 55 paise from its previous close. The local unit however pared some losses and was later trading 46 paise down at 86.50 versus the dollar.

The Indian rupee rebounded from its all-time low, closing 8 paise higher against the US dollar on Tuesday. The recovery was attributed to a weaker dollar and a slight bounce back in the domestic markets.

MUMBAI: The rupee's slide show went on for the second straight session on Monday as it crashed 27 paise to hit a new lifetime low of 86. 31 against the US dollar, dragged down by a robust American currency amid volatile global cues.

The rupee rebounded from its lowest-ever level and appreciated 21 paise to 86.49 against the US dollar in early trade on Tuesday on the back of retreating American currency and easing crude oil prices.

The Indian rupee rebounded from its record low, appreciating 21 paise to 86.49 against the US dollar in early trade on Tuesday, driven by a retreating American currency and easing crude oil prices.

MUMBAI: The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) against the US dollar on Monday, weighed down by a stronger American currency and surging crude oil prices.