The Rupee heavily down by 30 paise at 65.05 a three-month-low on Thursday on increased dollar demand by bank and importers, dealers at Forex Market said.
In opening trade the local tumbled down by 29 paise to 65.04 against dollar.
Finally, it was settled at 65.05, slumping by 30 paise from its last close.
A major oscillation was seen day high and low at 65.10 and 64.92 respectively, dealer said.
Firm dollar against overseas currencies and negative equity market pushed the indian currency down, they added.