The rupee fell marginally over the week to mark a second consecutive weekly drop, though losses were more limited than last week when the currency posted its worst weekly performance since touching record low levels in August last year.
Analysts say global events will determine the outlook for the rupee, after US President Barack Obama approved air strikes in Iraq, adding to tensions in the Middle East and Ukraine.
Foreign investors have been net sellers of $811.55 million in domestic debt so far this month, as per official data.
Any meaningful signs of a sell-off could spark continued intervention from the Reserve Bank of India, analysts said, after the central bank was spotted selling dollars for a second consecutive session on Friday.
India's foreign exchange reserves fell to $319.99 billion as of Aug. 1, compared with $320.56 billion
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