Rupee hits more than two-year low; RBI intervenes
A higher opening in the domestic equity market influenced uptrend.
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
A strong dollar overseas and some hesitancy in local stocks, however, limited the rupee rise.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
A weak dollar overseas also aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains, forex dealers said.
The rupee had retreated from three-week high and ended six paise down at 60.67 against the dollar on demand from importers for the US currency in Thursday's trade.
Weak equity markets too hit rupee sentiment
The rupee weakened even as the dollar fell against major global currencies
A weak dollar in overseas markets also strengthened the rupee sentiment
On Wednesday, the rupee had dropped by 26 paise.
The rupee on Friday resumed lower at 60.25 a dollar from previous close of 60.19 at the Interbank Foreign Exchange market.
A weak dollar overseas supported the rupee sentiment.
The rupee had shed 13 paise to close at 64.04.
The domestic currency had lost 10 paise to close at 59.03 against the dollar in Thursday's trade amid capital outflows linked to fall in equities.
The rupee on Monday failed to maintain initial gains and ended lower by five paise at 60.21 against the dollar on fag-end demand for the US currency from banks and importers.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
The rupee ended weaker against the greenback on domestic worries.
The rupee is trading weak against the dollar in afternoon trade.
After a a steep fall last week, the rupee has closed slightly stronger against the dollar.
The rupee had plummeted to over three-month low of 63.32.
The rupee recovered from more-than three months low of 63.15 in early trade on dollar selling by banks.
The rupee continued its downslide for the second session in a row, depreciating by 20 paise to close at more than one-week low of 62.51 against the greenback.
Rupee rises by 16 paise against dollar on fresh selling.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
Rupee rebounds from one-week low, up 9 paise against dollar.
The rupee had ended five paise lower at 61.92 on Tuesday.
Rupee retreats from 3-week high against dollar ahead of Budget.
00 hours. The overall investors' wealth, measured in terms of valuation of all listed stocks, was down by nearly Rs 6 lakh crore in early morning trade, from nearly Rs 111.44 lakh crore at the end of Tuesday's trade.
Dollar gained against major currencies overseas.
Sustained inflows of foreign funds supported the rupee
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
Dollar sales by exporters and firm local equities also supported the local currency.
Heavy dollar selling by banks and exporters alongside debt-related inflows largely supported the rupee
The rupee ended higher for the second consecutive week.
On Monday, the biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, Tata Motors, HCL Tech, IndusInd Bank and Kotak Bank, HCL Tech, Infosys and Bajaj Auto.
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
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