Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
The rupee closed almost flat at 65.76 against the US dollar on some demand for the American currency from banks.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
The domestic currency had gained by 80 paise, or 1.19 per cent, in previous five trading days.
Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two "very good calls" from Beijing also influenced the local currency, dealers said.
Rupee gains for 4th day against dollar, up 17 paise on Fed stance.
Weak equity markets too hit rupee sentiment
Most Asian currency and equity markets too suffered steep losses due to US rate hike fears.
A lower opening at the domestic equity market and the dollar's rise against other major currencies overseas also put pressure on the rupee, dealers said.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
The rupee had shed one paise to end at one-month low of 61.74 against the US dollar in Tuesday's trade.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
Reflecting nervousness over the prospect of the Federal Reserve tightening policy and event risk, traders stayed on the sidelines
The recent market crash in China has triggered sympathetic drops.
Rupee ends day stronger against the dollar.
RBI might not cut rate on June 2 but will surely cut soon.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
The rupee on Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar.
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
The rupee continued to rule firm against the dollar for the second consecutive day.
Heavy dollar selling by banks and exporters alongside debt-related inflows largely supported the rupee
The rupee strengthened by 13 paise to 61.67 against the US dollar at close.
The rupee ended lower by 7 paise to 62.31 against the American currency on fresh dollar demand from banks.
The finance ministry and RBI must get less conservative and improve co-ordination.
Weakness of dollar in the overseas market also boosted the rupee value.
In forward market today, premium for dollar declined on sustained receivings from exporters.
Given the current global cues, if the next six months do not turn out to be the way we would want it to, we are definitely looking at a very gloomy start to 2016.
Firm equity market failed to restrict the rupee's fall against the dollar
The domestic currency had lost 15 paise to close at 63.82 on Wednesday.
Sustained inflows of foreign funds supported the rupee
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
Fresh dollar demand from banks and importers amidst volatile equities triggered the fall
The dollar was firm against some global currencies which also weighed on the rupee.
A fresh demand for the US currency from importers weighed on rupee.
The rupee weakened even as the dollar fell against major global currencies
Heavy unwinding by foreign portfolio investors and lacklustre equities dampened the sentiment
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
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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.
This is the biggest one-day fall in the rupee since August 3, 2016
