A firming trend in domestic stock markets, however, capped the rupee fall to some extent
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
Dealers attributed the rupee's fall to fresh demand for USD.
Snapping its two-day gains, the rupee on Monday declined by 48 paise to settle at nearly four-week low of 62.17 against the US currency.
Rupee was impacted by renewed dollar demand from banks and importers amid sharp falls in equity market
Weakness in the dollar against some currencies supported the rupee.
The Indian rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas.
The rupee gained for the second day, climbing 23 paise to a one-week high of 62.07 against the dollar on Wednesday, amid a modest recovery in local stocks and sales of the US currency by exporters and banks.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
The rupee declined marginally by 3 paise to 66.03 per dollar on fresh demand for the US currency from banks and importers.
Rising for the second session, the Indian rupee on Thursday climbed by 50 paise to nearly four-week high of 62.67 against the greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
Rupee ends day stronger against the dollar.
Dollar weakness was a major contributor to the rupee recovery as the skittish investors continued to lighten their long positions.
The US currency's decline against major world currencies alongside fag-end dollar supply largely helped the rupee recoup some of its initial losses
The rupee extended gains for the second straight session against the US currency by firming up 21 paise to close at 64.82 a dollar.
Capital inflows continued to aid the rupee's rise, although a strong dollar overseas capped the gains.
Healthy demand for the American unit from importers and corporate weighed on the rupee
The domestic currency had gained by 80 paise, or 1.19 per cent, in previous five trading days.
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The rupee gained 8 paise to close at over two-week high of 61.23 against the US dollar in the previous session.
The rupee added another 8 paise to end at 61.23 against the dollar, the highest level in more than two weeks, as the US currency traded stable ahead of the outcome of Federal Reserve's meeting today and as domestic shares surged to a record.
A weakening dollar against other currencies overseas supported the rupee.
The rupee recovered 14 paise to 66.40 against the dollar in early trade on Monday.
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
In the global market, the US dollar index, which tracks the greenback against a basket of six major rivals, was up by 0.33 per cent.
The domestic currency has already dropped 44 paise, or 0.67 per cent, in the previous two sessions.
In worldwide trade, the US dollar continued its highly bullish trend against all major emerging market currencies
The local currency recovered some ground after the Reserve Bank of India (RBI) was said to have stepped in through state-run banks, helping the rupee to end at 64.30, a fall of 110 paise or 1.74 per cent.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
The domestic currency had last touched 65-level and ended at 65.24 on September 6, 2013. It moved in a range of 64.63 and 65.23 during the day.
The rupee has depreciated by about 25 per cent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
The dollar maintained its bullish momentum in Asian and early European trade
Increased demand for the dollar from importers affected the value of the rupee
The domestic currency tumbled by 45 paise or 0.68 per cent in two days.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
The rupee has dropped by 21 paise or 0.32 per cent in the last two sessions.
Forex dealers said dollar's weakness against other currencies overseas supported the rupee.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
The local currency had lost 119 paise in the past five sessions on rising worries over current account gap and fears that withdrawal of US stimulus will hit inflows from overseas.
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