The Indian national currency has recorded a fall of 2.4 percent against the US dollar on the week due to continuing weak performance by domestic shares and high demand for the American currency from importers.

The partially convertible rupee ended at 51.33/51.34 against the dollar on Friday, weaker than Thursday's 50.90/50.91 after touching the level of 51.41, which was last seen in March of 2009.

According to dealers in the foreign exchange market, the rupee will continue to fall until there is an inflow of funds into the country or there is stability in the Eurozone courtiers. The eurozone is facing a sovereign debt crisis with Greece among the most hit but the crisis is not threatening to spread to larger economies of Italy and Spain.

The Euro was at $1.3520 at the time of the close of rupee trade on Friday. The index of the dollar against major currencies was at 77.970 points from 78.166 points.

The domestic shares fell 0.6 percent on Friday mainly due to the concerns relating to the Eurozone debt crisis. Traders say that the demand for US Dollar from importers including oil refiners has also put pressure on the rupee. However, the sale of dollars helped the rupee rise from the days low.

The RBI has hinted that it will look at using its foreign exchange rupee to protect depreciation of the rupee.