The Indian rupee declined 15 paise against the dollar on account of low trading, due to strike by the employees of public sector banks. Rupee oscillated in the range between 47.56 and 47.77, and finally settled at 47.67/69. The Indian currency touched its highest level to 47.43 since June 12 on Tuesday.

Benchmark Sensex too declined by 389.80 points due to heavy out flow of funds, enhancing weak rupee sentiments in the market. Foreign institutional investors (FIIs) chose to sell assets on August 5; and the likelihood of this trend to continue in future, put pressure on the Indian rupee.

However, dollar remained almost flat at its nine-month low against pound, while it witnessed some increase as compared to Euro. Dollar index also surged marginally by 0.1 per cent during the day.