The dollar gained against other currencies overseas.
The rupee recovered 14 paise to 66.40 against the dollar in early trade on Monday.
The rupee has depreciated by about 25 per cent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
Unwinding of long dollar positions ahead of the US job data backed the rupee sentiment
The rupee briefly touched 66.78 in late afternoon trade due to stray dollar buying by some banks.
US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee sentiment
The rupee on Monday plunged to a two-week low of 66.61 by falling 47 paise against the US dollar on heavy demand for the American currency from importers.
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
For the week, the battered rupee gained 26 paise against the greenback
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
Rupee movement, global cues key for stocks this week: Experts
If net forex outflows turn out to be relatively high in the next few years, the rupee could depreciate beyond Rs 80 to a dollar by 2022. The causal reasons could, for example, include unmet expectations of FPI and FDI investors about the performance of the Indian economy, sharp rise in prices of imported oil and decrease in FX remittances. The RBI has to ask itself whether guaranteeing future rupee-dollar exchange rates on FX forward contracts is a reasonable way to use its risk-bearing capacity, says Jaimini Bhagwati.
Adequate dollar supply gave a boost to the local currency
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
Banks and exporters preferred to reduce their dollar position in view of its weakness.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
The euro skidded to a 6-week low of 133.700 yen in the early session.
The rupee is likely to strengthen to 60-61 level by this fiscal-end on expectations of improvement in current account deficit (CAD) and higher inflows from overseas investors.
Engineering conglomerate fended off three corporate raids but emerged stronger.
The Nifty-Sensex have recorded successive 52-week lows through the last week.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
While information technology companies will benefit, firms with high foreign borrowings or heavy dependence on imports will be hurt.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
IMF attributes the slower growth rate to supply-side bottlenecks.
The Rs 56,000-crore (Rs 560 billion) Adani Group on Monday received a major blow from the Gujarat High Court, which ordered a shutdown of 12 units in Adani Ports and Special Economic Zone (APSEZ), located in Mundra, Kutch district, with immediate effect.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
