INR Vs USD: The Indian rupee is Asia's worst performing currency so far this year.
The Indian rupee pared initial gains to drop to a fresh all-time low of 71.79 against the US dollar, falling 21 paise in late morning deals on Wednesday, reported news agency Press Trust Of India (PTI).
According to dealers, the fresh fall in rupee is due to sudden bouts of dollar-buying by banks and importers.
Earlier, the rupee resumed higher at 71.43 against Tuesday's closing level of 71.58 a dollar at the interbank foreign exchange market.
The Indian unit was trading on a volatile note, moving in a wide range quoting between 71.40 and 71.79 during morning deals.