The rupee, which lost 3.6 percent on Thursday to close at 146.2 against the U.S. dollar in the interbank market, dropped further on Friday, dealers said, selling at 149.50 in the interbank market and 150 in the open market.
The marginal 2.44 per cent increase in exports, as well as lower imports of gold and petroleum products in February, significantly narrowed the country's trade deficit to USD 9.6 billion, according to data released by the commerce ministry Friday.
The gauge had soared 257.21 points in the previous session on Friday. Sectoral indices led by oil and gas, auto, banking, PSU, power and infrastructure stocks fell by up to 0.53 per cent. The 50-share NSE Nifty turned lower by 20.60 points, or 0.19 per cent, at 10,801.25.
Increased demand for the American currency from importers and banks kept the dollar in fine shape. Forex dealers said the euro hitting a 10-month high against the greenback, however, capped the rupee's fall.