The Indian rupee fell on Wednesday, tracking weaker global risk assets such as the euro, though large dollar sales by custodian banks helped support the domestic currency. The partially convertible rupee closed at 55.62/63 as per the SBI closing rate, down from its Tuesday's close of 55.39/40.
The one-month offshore non-deliverable forward contracts were quoted at 55.91 while the three-month were at 56.54. In the currency futures market, the most traded near-month dollar-rupee contract on the National Stock Exchange, the United Stock Exchange and the MCX-SX all ended at around 55.65. The total volume was at $5.5 billion.