The rupee made day's low of 62.73 against the US dollar to trade at over 10-month low against the greenback due to increased demand for the US currency from importers and a weak opening in domestic equity markets.
Forex dealers said besides fresh demand from importers for the American unit at the Interbank Foreign Exchange here, a lower opening in the domestic equity market after industrial output contracted by 4.2 per cent in October -- the sharpest decline in at least two years --put pressure on the rupee.
Besides, dollar's gains against other currencies overseas weighed on the rupee, they added.
The rupee after falling to over ten-month low of 62.50 against the greenback, bounced back to end 4 paise higher at 62.29 on Friday on selling of dollars by state-run banks on behalf of the RBI.
