Rupee depreciated 7 paise to 95.22 against the US dollar amid crude oil prices and geopolitical uncertainty.
The rupee lost 77 paise over three consecutive sessions despite possible RBI intervention.
Brent crude traded at $114.76 per barrel, near a six-month high, amid supply disruption fears.
The rupee remained volatile and depreciated 7 paise to 95.22 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices, geopolitical uncertainty, and a stronger greenback ahead of the US Federal Reserve's policy decision.
Forex traders said the Indian currency showed some recovery on likely intervention by the Reserve Bank of India (RBI), but failed to withstand pressure from foreign fund outflows amid subdued domestic equity market sentiment.
At the interbank foreign exchange market, the rupee opened at 95.17 and pared some losses to touch 95.11 but soon lost ground to trade at 95.22 against the greenback, lower by 7 paise from its previous close.
On Monday, the rupee depreciated for the third consecutive day and settled 22 paise lower at 95.15 against the US dollar.
