Why is the rupee getting weaker against the $?
US Economy is growing (~2.5%)
Less 'Quantitative Easing', no $ being printed.
Bond yields have increased demand for $.
India doesn't allow other countries to hold/trade with Rs.
Over-dependance on inflows, without a convertible currency.
Institutionally- index futures are being sold by FIIs.
Individually- high inflation rates = NRI $ staying away from India.
US interest rates may decrease soon. This will help the Rs.