Besides selling of dollars by exporters, strength in other currencies against the American unit overseas also supported the rupee.
Besides, a higher opening in the domestic equity market and gains in other Asian currencies against the dollar also supported the rupee.
The rupee had gained 90 paise, or 1.34 per cent.
A magisterial inquiry report reveals that the Goa nightclub where a deadly fire killed 25 people was built illegally on salt pan and operated without a valid trade license, indicating serious lapses and collusion at multiple official levels.
A higher opening in the domestic equity market influenced the rupee uptrend
Forex dealers attributed the rupee's fall to increased dollar demand from importers amidst rising global crude prices
'The bigger unknown remains global geopolitics, which is inherently unpredictable, including developments in our neighbourhood.' 'Another concern is the increasing tilt of government finances towards welfare subsidies, especially at the state level.' 'This could constrain capital expenditure, which is critical for long-term growth.'
Dollar's weakness against some other currencies overseas supported the rupee.
Fresh demand for the American unit from importers put pressure on the rupee.
Silver prices extended their record-breaking rally for a sixth straight session on Monday, surging 6 per cent to touch a lifetime high of Rs 2,54,174 per kilogram in futures trade amid strong investor demand and bullish global trends. On the Multi Commodity Exchange (MCX), silver futures for March delivery surged Rs 14,387, or 6 per cent, to hit a new record of Rs 2,54,174 per kilogram.
Dealers said besides increased demand for the American currency from importers, the dollar's strength against other Asian currencies overseas, put pressure on the local unit.
Dealers said besides increased dollar selling by exporters, a higher opening in domestic equity market and yen's gain against the American currency overseas helped the rupee to recover.
Weakness in the dollar against some other currencies overseas, supported the rupee
Investors and startup executives are calling for extending the period for an entity to be recognised as a startup from 10 to 15 years for deep-tech companies.
The rupee on Monday fell by 40 paise to 59.96 in early trade on the Interbank Foreign Exchange market, weighed down by dollar's gains against other currencies in global markets.
The rupee had ended 47 paise higher at 60.14 against the US currency in the previous session.
Former Indian envoys to Venezuela R Viswanathan and Yashvardhan Kumar Sinha said the action was anticipated and even 'unsurprising' in nature, claiming that the US has always worked against Maduro's regime.
The rupee had rose by a staggering 80 paise, its biggest single-day gain in last nine months, to close at 59.39 amid signs of strong fund inflows on Friday.
Jannik Sinner was in ominous form on the Rod Laver Arena court he has ruled for two years before the match was cut short.
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The rupee had recorded its biggest slump in two months by plunging 57 paise to close at 55.07 in previous session on Friday.
Dollar's strength against some currencies overseas capped the gains
The local currency had lost 16 paise to close at 54.17 on Monday due to fresh dollar demand from importers and some banks.
Dealers said besides higher opening in local equities and selling of the US currency by exporters, euro's gains against the American currency on positive developments in Greece supported the rupee.
'In three years, you will have an AI model that will be smarter than the smartest mathematician or the smartest scientist.'
Dollar selling by exporters and banks also supported the rupee, forex dealers said.
Forex dealers said besides dollar's gains against euro in the overseas markets on worsening euro-zone debt crisis amid growing fears that Spain may need a full bailout, a weak opening in the stock market also put pressure on the local unit.
Karbi leader Litsong Rongphor, who was part of the discussions, described the situation in Karbi Anglong as 'extremely critical' following the recent violence.
'The first time India has seen two consecutive blockbuster IPO years.'
The rupee on Thursday recovered by a hefty 60 paise to 53.24 against the US dollar in early trade on the Interbank Foreign Exchange market after the Reserve Bank tightened norms for utilisation of the foreign currency fixed deposit funds to check outflow of forex.
Among Sensex firms, Tata Motors, Bharat Electronics, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services and Axis Bank were the major laggards. However, Power Grid, Hindustan Unilever, NTPC and HCL Tech were among the gainers.
The Indian industry is paranoid about the USA's plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. They said that the talks for the proposed bilateral trade agreement are going well.
In the last four days, rupee has lost 104 paise against the dollar.
Largecap equity funds remain suitable for conservative and moderate risk-taking investors seeking relatively stable returns.
India's absolute dominance at home will come under examination when they meet a determined New Zealand in the decisive third ODI at the high-scoring Holkar Stadium in Indore on Sunday, with the three-match series locked at 1-1.
Traded to Mumbai Indians from Lucknow Super Giants for Rs 2 crore (Rs 20 million) ahead of IPL 2026, Indian pacer Shardul Thakur says former captain Rohit Sharma allowed him to express himself.
The domestic currency moved in a range between Rs 53.03 and Rs 53.24 per dollar during morning deals.
The Bharatiya Janata Party on Tuesday said it held a formal meeting with a Chinese delegation openly, given the "improved" relations between New Delhi and Beijing, unlike the Congress which, it alleged, "secretly" signed a memorandum of understanding with the neighbouring country's ruling party.
The surge has come alongside a decline in average issue sizes and more muted listing-day returns compared with last year.
The rupee depreciated 31 paise to an all-time low of 80.15 against the US dollar in early trade on Monday tracking the strength of the American currency and firm crude oil prices. At the interbank foreign exchange, the rupee opened at 80.10 against the dollar, then lost ground to quote at 80.15, registering a fall of 31 paise from the last close. On Friday, the rupee closed at 79.84 against the dollar.
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