The rupee has gained by 21 paise or 0.31 per cent in last two days
In forward market today, premium for dollar declined on sustained receivings from exporters.
Extending losses for the second straight day, the rupee declined by 11 paise to close at more than 3-week low of 66.93 against the US dollar.
Rupee down 13 paise to 66.72 against dollar
The rupee on Friday bounced back 32 paise to close at 64.74 against the American currency on fresh selling of dollar.
Dollar weakness was a major contributor to the rupee recovery as the skittish investors continued to lighten their long positions.
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
Fag-end selling of dollars by banks and exporters
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
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The basis of Ind-Ra's expectation of INR appreciation is based on economic developments in the last one to two months of this fiscal and the likely developments in the remaining months.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
The broader NSE Nifty after shuttling between 10,451.90 and 10,595.75 finally ended 100.30 points, or 0.96 per cent, higher at 10,582.50.
Expectations of good foreign capital inflows into equity market in view of firm trend in the stock market also boosted the rupee value against the dollar.
The local currency had gained 10 paise to close at 63.51.
Renowned Indian-American cardiologist Suresh Gadasalli, who performed the world's first simultaneous hybrid revascularisation, was shot dead by his friend and business associate who then committed suicide in Odesaa in the US state of Texas, police said.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
The Rupee is likely to recover during day trad, say currency watchers.
The domestic currency has gained by four paise or 0.06 per cent in two days.
Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts. One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias. While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months.
The domestic currency has dropped by 62 paise or 0.93 per cent in four trading days.
Weakness in the dollar against some currencies supported the rupee.
Traders said stockists selling in line with a weak global trend as stronger dollar reduced appeal for the precious metal, led to decline in gold prices.
The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
The rupee recovered by three paise to close at 67.65 on fresh selling of dollars by banks and exporters amidst a recovery in equities.
Persistent fall in crude oil prices affected the market sentiment
The rupee extended its losses and slipped 12 paise to 77.74 against the US dollar in early trade on Thursday, weighed down by a muted trend in domestic equities and unabated foreign fund outflows. At the interbank foreign exchange, the rupee opened at 77.72 against the American dollar, then lost ground to quote at 77.74, registering a fall of 12 paise from the last close. On Wednesday, the rupee declined by 1?7 paise to close at its fresh lifetime low of 77.6?1 against the US dollar.
Debt-ridden telecom operator Vodafone Idea on Thursday said its board has approved raising of up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities. An amount of Rs 10,000 crore would be raised by way of sale of equity or through debt instruments such as ADR, GDR and FCCBs. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs 10 each at an issue price of Rs 13.30 per equity share for an aggregate consideration of up to Rs 4,500 crore.
Fresh selling of dollars by banks and exporters on the back of good foreign capital inflows helped the rupee
The rupee is trading weak against the dollar in afternoon trade.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
The phone conversation between Jaishankar and Blinken came days after Russian Foreign Minister Sergey Lavrov paid a two-day visit to India.
The rupee is expected to become more jittery and choppy in the near-term
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
The domestic currency had gained by 80 paise, or 1.19 per cent, in previous five trading days.
Traders said stockists selling against sluggish demand at higher levels mainly pulled down both gold and silver prices.
A weakening dollar against other currencies overseas supported the rupee.
The domestic currency has dropped 40 paise or 0.60 per cent in two days
The combined 10 Asian currencies have appreciated by 6.6%.
Dollar gained against major currencies overseas.
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