 "Rupee falls to near 5-month low; foreign funds pull out money")
The rupee fell to 61.43/44, its lowest since March 14 and weaker than its 60.8450/8550 close on Tuesday.
The BSE Sensex and Nifty provisionally closed about 1% lower each.
Good dollar buying was seen from foreign banks likely on behalf of clients looking to exit their equity and debt investments in India.
Also Read
Most Asian currencies also ended weaker versus the dollar.