Moving in line with the equity market, the Indian rupee washed out earlier gains against the US currency and was quoted 9 paise down at 61.64 rupees on fresh dollar demand from banks and importers due to lower dollar in overseas.The rupee gained higher value at 61.35 rupees per dollar as against the last closing level of 61.55 rupees per dollar and moved up further to 61.31 rupees on selling of dollars by banks on the back of sustained capital inflows into equity market.