 "Month-end dollar demand hurts rupee")
The rupee is trading at 61.87/88 versus Wednesday's close of 61.8450/8550.
Dollar demand from importers to meet month-end commitments is hurting the Indian unit.
Shares are choppy ahead of the expiry of monthly derivatives contract.
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Losses in the dollar versus other majors and Asian currencies limiting further downside.
Sentiment also cautious ahead of release of GDP data due after market hours on Friday and the RBI policy review next Tuesday.
Rupee seen moving in a 61.70 to 62.10 range until policy.