This is the biggest one-day fall in the rupee since August 3, 2016
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
Adequate dollar supply gave a boost to the local currency
Traders said appreciating rupee against the American currency made imports of dollar denominated precious metal cheaper, which mainly kept pressure on bullion prices.
There's sustained demand for the American currency from importers and banks
Weakness of dollar in the overseas market also boosted the rupee value.
Persistent foreign capital inflows also boosted sentiment.
gold prices fell by Rs 210 to Rs 26,600 per 10 grams.
Weakness in dollar in the overseas market also boosted the rupee value
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Dollar's strength against other currencies overseas capped the rupee's gain
Silver also rose sharply by Rs 640 to Rs 35,700 per kg.
Silver also extended its rally for the eighth day.
Sitharaman also said different departments of the government are working to provide relief to industry, which could be severely impacted by the fast-spreading virus.
Forex dealers said that weakness in the dollar against other currencies overseas also supported the rupee.
The domestic unit moved in a range of 64.14 and 63.99.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
The dollar strengthened against major world currencies.
The gains were capped due to month-end dollar demand from importers, mainly oil firms
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.
The rupee had gained by 50 paise or 0.75 per cent in two weeks.
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.
Sustained capital inflows supporting the rupee sentiment, a forex dealer said.
Even the persistent rise in equity market failed to restrict the rupee's fall.
The rupee ended the day stronger against the dollar.
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.
The rupee depreciated further by 7 paise to 65.12.
The rupee continued to rule firm against the dollar for the second consecutive day.
Globally, gold fell by 1.32 per cent to $1,125.40 an ounce and silver by 3.98 per cent to $14.11 an ounce in New York in yesterday's trade.
The rupee had dropped by 60 paise or 0.89 per cent in previous three trading days.
Increased demand for the American unit from importers weighed on the rupee
RBI governor Raghuram Rajan, on Monday, said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits"
The rupee had snapped its 3-day losing streak on Thursday.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
Sustained demand for the dollar is the reason.
Domestic equity markets opened with losses which capped the rupee gains.
On Monday, the rupee gained 16 paise.
Increased month-end demand for the US currency from importers put pressure on the rupee
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