The rupee was weaker for a second successive session, trading at 54.37/38, versus the previous close of 54.14/15.
The Prime Minister's Economic Advisory Council has pegged FY14 economic growth at 6.4 percent, saying the worst slowdown in a decade has bottomed out.
The rupee was also hit by the euro's losses against the dollar after data showed Germany's private sector shrank for the first time in five months in April.
