The rupee had shed 13 paise to close at 64.04.
Shares of metal, realty, consumer durables, auto, capital goods and banking hogged limelight on a flurry of buying by investors
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
Stocks smashed previous records as the Sensex on Thursday raced to close at a fresh high of 30,750 zooming 448 points.
This is its lowest level since August 30
The rupee on Tuesday fell by 25 paise to 65.05 on fresh dollar demand from banks and importers despite persistent foreign capital inflows.
Weakness of dollar in the overseas market also boosted the domestic currency, a forex dealer said.
The rupee on Thursday gained 39 paise to close at a nearly 10-month high of 59.29 against the US dollar following sustained selling of the American currency by exporters and continued capital inflows, ahead of keenly-waited Lok Sabha poll results to be unveiled on Friday.
Extending losses for the second straight session, the rupee slipped by 11 paise at 66.54 against the US dollar.
Titan was the top gainer in the Sensex pack, rising around 4 per cent, followed by HDFC, Nestle India, IndusInd Bank, UltraTech Cement and Bharti Airtel. On the other hand, Bajaj Auto, Tata Steel and NTPC were the laggards.
Reliance was the top gainer in the Sensex pack, surging over 3 per cent, followed by ICICI Bank, Bharti Airtel, Dr Reddy, Maruti and ITC.
Titan was the top gainer in the Sensex pack, rising over 3 per cent, followed by M&M, Reliance Industries, Axis Bank, TCS, Maruti and Infosys. NSE Nifty surged 122.10 points to 15,885.15.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
On Wednesday, the rupee ended barely steady at 64.93.
The rupee has dropped by 49 paise or 0.75 per cent in four days.
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
The Rupee is seen weakening further against the dollar.
The rupee resumed lower at 64.20 per dollar.
Top losers in the session included Maruti, Tata Motors, RIL, Yes Bank, Adani Ports, Bharti Airtel, Asian Paints, ONGC, HUL, Kotak Bank, IndusInd Bank and Axis Bank, falling up to 5 per cent.
The rupee hovered in a narrow range of 62.20 and 62.28
The rupee slumped to 64-level against the American currency, its second straight fall this week.
Fresh dollar demand from banks and importers amidst volatile equities triggered the fall
Volatile currency market sentiment across Asia following a fresh round of China's yuan depreciation further added to gloom.
The rupee on Tuesday recovered from its two-week low to end steady at 66.60 against the American currency, inching up by a paisa on the back of mild dollar selling.
'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'
Increased demand for the dollar from importers put pressure on the rupee.
UltraTech Cement was the top gainer in the Sensex pack, rising 3.06 per cent, followed by IndusInd Bank, ICICI Bank, HDFC Bank, Titan, Axis Bank, SBI and Reliance Industries. NSE Nifty advanced 78.35 pointsto close at 14,814.75.
There was fresh dollar demand from banks and importers.
The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar.
Domestic-focused agricultural chemical (agrochem) companies could face near-term headwinds, given the worries on the El Nio effect on monsoons, higher inventory, and pressure on margins. Some of these were reflected in the October-December quarter (third quarter, or Q3) results of companies and may impact them in the current quarter (fourth quarter, or Q4) as well. Nuvama Research pointed out that the sector witnessed mixed performance during the quarter as global agrochem and domestic fertiliser companies maintained growth momentum, while adverse agronomical conditions and excess channel inventory weighed on domestic market volume offtake.
The domestic currency has gained 9 paise or 0.13 per cent in two days.
The rupee recovered by 15 paise at 65.49 against the US dollar.
Increased demand for the dollar from importers affected the value of the rupee
The rupee slipped 13 paise to 77.67 against the US dollar in early trade on Tuesday, weighed down by the surge in crude oil prices. At the interbank foreign exchange, the rupee opened at 77.65 against the American dollar, then lost ground to quote at 77.67, registering a fall of 13 paise from the last close. On Monday, the rupee settled at 77.54 against the US dollar.
The RBI fixed the reference rate for the dollar at 63.8061 and for the euro at 69.6571.
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
The 30-share BSE Sensex opened positive, but shed some ground to settle the session higher by 250.47 points, or 0.78 per cent, at 32,432.69, its biggest closing since August 2.
Lower dollar in the overseas market also boosted the rupee value
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses