Firm equity markets and foreign capital inflows failed to restrict rupee's fall against the dollar
Dealers attributed the rupee's fall to fresh demand for the US currency from importers
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
The rupee had shed four paise at 63.81 against the US dollar in Friday's trade on sustained demand.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
Unwinding of long-dollar positions by speculative traders and the currency's strong underlying fundamentals buoyed the home unit
The rupee has gained by 21 paise or 0.31 per cent in last two days
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
While company would hold on to prices for now, hike likely by end of 2013
The rupee had dropped by 18 paise to end at 66.40
The RBI fixed the reference rate for the dollar at 63.8061 and for the euro at 69.6571.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
The rupee continued to rule firm against the dollar for the second consecutive day.
In forward market, premium for dollar declined in view of mild receivings from exporters.
The rupee ended weaker against the greenback on domestic worries.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
The rupee fell by 41 paise to close at a fresh lifetime low of 79.36 (provisional) against the US dollar on Tuesday amid a strong greenback overseas and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened at 79.04 against the greenback and witnessed an intra-day high of 79.02 and a low of 79.38. It finally settled at 79.36 (provisional), down 41 paise over its previous close.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
The rupee had last ended at 67.22 per dollar on March 16, 2016.
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'
The dollar index was trading higher by 0.06 per cent against its major global rivals today.
The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.
From the 30-share Sensex blue-chip pack, Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever and JSW Steel were the biggest laggards.
The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
The sharp pullback in mid and smallcap stocks signals a cooling-off period in segments that previously attracted considerable investor interest.
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Rupee has gained by 15 paise or 0.24 per cent in two days.
The rupee had lost 27 paise to close at more than 5-week low.
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
The rupee recovered marginally at close against the dollar.
US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee sentiment
Rupee ended weak against the dollar.
Unwinding of long dollar positions ahead of the US job data backed the rupee sentiment
The domestic currency has gained 9 paise or 0.13 per cent in two days.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
This is the biggest one-day fall in the rupee since August 3, 2016
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