Reuters Market Eye - The rupee is trading at 60.91/92 versus its Tuesday close of 60.60/61.
The rupee fell to 61.04 earlier in the session, its weakest since Aug. 14.
Exporters step up dollar-selling around the 61 mark, preventing further losses in the Indian unit.
Traders will continue to monitor foreign fund flows for direction. Nifty ends down 0.7 percent.
(Reporting by Swati Bhat)