As of midday, the spot yuan was changing hands at 7.0304, 32 pips weaker than the previous late session close.
The local currency on Tuesday settled 13 paise up at 71.71 against the greenback.
Moves were slight as jaded traders again weighed mixed messages on trade.
Forex traders said the rupee consolidated in a narrow range following lack of cues on the domestic as well as the global front.
The local currency on Monday closed 6 paise lower at 71.84 against the American currency.
The yuan touched a two-week low versus the greenback amid doubts about the US-China trade war.
Forex traders said investor traded cautiously after domestic equity market also shed its morning gains and witnessed selling pressure during the day.
The local currency on Friday appreciated 18 paise to settle at 71.78 against the US dollar.
The euro enjoyed a small respite on Monday, jumping to an 11-day high versus the US dollar.
In the previous week, the reserves surged by USD 3.515 billion to reach USD 446.098 billion.
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