Monday's morning trade sees increased selling of USD by exporters.
The rupee on Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar.
The rupee firmed up by 15 paise to close at 62.36 per dollar on fresh selling by banks
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
It hovered in a range of 63.57 and 63.70.
Dealers attributed the fall to the dollar's gains after China devalued yuan, which pushed up demand from importers for the US currency.
The rupee had risen for the fifth straight session on Thursday.
On Tuesday, the rupee had declined marginally by 3 paise to 66.03.
The rupee bounced back by 10 paise to end at 68.62 on Friday.
The Indian rupee tumbled in line with its Asian peers due to persistent risk-off sentiment on the back of broad dollar strength.
This is rupee's lowest since 62.32 on January 9.
The rupee had gained 16 paise to close at over one-month high of 62.16 on Monday against the American currency on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets.
In cross-currency trades, the rupee firmed up further against the pound sterling
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
The rupee on Monday continued its upward march against the US dollar for the third day, firming up by another 10 paise to 66.00 on fag-end selling of the American currency by banks and exporters.
However, foreign capital inflows into equity market restricted the rupee's fall to some extent.
Healthy demand for the American unit from importers and corporate weighed on the rupee
Strong recovery in the equity market boosted the rupee value against the dollar.
The domestic currency had lost 15 paise to close at 63.82 on Wednesday.
Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, PowerGrid, HDFC, IndusInd Bank and Axis Bank. NSE Nifty declined 45.75 points to 16,568.85.
A look at the current contenders International Bank Note Society's Banknote of the Year
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The local currency opened at 62.20 a dollar from the previous close of 61.93 and immediately touched a low of 62.29 at the interbank foreign exchange market.
The rupee on Monday tumbled by 68 paise to close at a nearly 8-week low of 66.44 against the American currency.
The rupee appreciated by 37 paise to 62.12 against the dollar in early trade on Monday.
Rupee hits more than two-year low; RBI intervenes
The rupee extended its fall for the fourth consecutive day by losing another 6 paise to hit a fresh one-month low of 62.31.
Rupee hits new low at close against dollar.
Initially, hair care products such as Vatika hair oil and shampoos, Meswak toothpaste, Chyawanprash and honey would be made available.
The rupee had ended 11 paise higher at 62.20 on Tuesday.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
The rupee resumed higher at 59.10 per dollar as against the last Friday's closing level of 59.17 at the Interbank Foreign Exchange market.
A lower opening of the domestic equity market put pressure on the rupee.
The rupee on Wednesday strengthened by another 3 paise to 62.82 against the US dollar.
The impact of the banking crisis in the US was visible in IT bellwether Tata Consultancy Services' (TCS) weak performance in the March quarter of fiscal 2023 (Q4FY23). The firm witnessed slower revenue growth in Q4FY23 and failed to meet its FY23 exit Ebit margin of 25 per cent as some clients, especially in the North American region, took to pausing projects and rising onsite costs offset utilisation gains. Sequentially, the company's revenue grew by just 0.6 per cent on a constant currency basis, which was one of the slowest paces in over 11 quarters.
The local currency had surged 35 paise to 63.65 in Thursday's trade.
The rupee ended lower by six paise at 65.73 against the US dollar on Monday.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
Continued capital inflows by foreign funds and retail investors kept market's mood upbeat, traders said.
The rupee had shed 10 paise to close at 66.14.
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