The rupee fell on Thursday as the stock market slid to a six-month closing low in tandem with global equities, but banks and exporters sold dollars limiting the Indian unit's drop. The partially convertible rupee ended at 40.425/435 per dollar, off an intra-day low of 40.60 but weaker than Wednesday's close of 40.33/34.
"We opened with overseas sentiment negative from a weak dollar and stocks markets in the region, which were all down," said the chief currency dealer with a foreign bank.