If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
The 30-share Sensex ended down 90 points at 19,429 after hitting an intra-day low of 19,398 and the 50-share Nifty ended down 40 points at 5,881 after touching an intra-day low of 5,871.
The rupee recovered from initial losses against the American currency and was quoted higher by 6 paise to 62.00 on fresh selling of dollars by banks and exporters in view of strong foreign capital inflows into equity market.
Rupee hits more than two-year low; RBI intervenes
The rupee on Wednesday strengthened by another 3 paise to 62.82 against the US dollar.
The rupee on Friday snapped its two-day gaining streak against the US dollar.
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
Heavy dollar selling by banks and exporters alongside debt-related inflows largely supported the rupee
The rupee snapped 2-day rise to end weaker against the dollar on Thursday.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
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Rupee rebounds 26 paise against dollar; snaps 2-day losses
The Indian benchmark S&P BSE Sensex today eased by 14.59 points, or 0.05 per cent after touching its all-time intra-day peak.
The home currency failed to keep momentum going and largely traded in a narrow range with positive bias in the absence of any market moving factors
Forex dealers said besides the dollar gaining against other currencies in the global markets on the back of a strong US economy, increased demand for the American unit from importers weighed on the rupee but a higher opening in the domestic equity markets, capped the fall.
Expectations of good foreign capital inflows into equity market in view of firm trend in the stock market also boosted the rupee value against the dollar.
This is its lowest level since August 30
Rupee hits 2-month low, down 21 paise against dollar.
2018 has been a disappointing and highly volatile year for equity investors.
Traders will continue to focus on the measures new Prime Minister Narendra Modi-led government will take to bring down the fiscal deficit and fight inflation.
The dollar index was up by a whopping 0.45 per cent against basket of six major global rivals, which also pushed the rupee to log its biggest daily loss since September 15.
The rupee hovered in a narrow range of 62.20 and 62.28
Bouts of month-end dollar demand from banks and importers hit the rupee
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
Month-end dollar demand affected the rupee
The rupee appreciated by three paise to close at one-week high of 60.81 against the US dollar in the previous session on sustained dollar selling by exporters and capital inflows.
Analysts are of the opinion that given the change in the business model, which is resulting in smaller deals spreading across the whole year, clients may be already renegotiating prices.
In overseas trade, the American currency traded lower against the yen and the euro in an Asian session as well as modest profit-taking after recent sharp gains
Broader market underperformed the headline indices
Rupee rises against the dollar for 4th straight session.
For the last three weeks, we had been warning about substantial weakness in the six month forward premiums on USD/INR, and had called for the six-month forwards testing the 41.50/44.50 level.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
On Thursday, the rupee jumped 50 paise to close at 62.67 against the Greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
Tracking a steep fall in local share market, the Indian rupee on Tuesday washed out initial gains and ended with a loss of 16 paise
The Indian rupee on Monday reacted downwards by 12 paise to log nearly one-week closing low of 63.41 against the Greenback.
A weak rupee, though seemingly good for exporters, would push up input cost further for Indian companies.
The rupee had shed 13 paise to close at 64.04.
Rupee ended weak against the dollar.
The rupee recovered from initial losses against the US dollar and was quoted barely steady at 61.91 on selling of the American currency by banks and exporters on good foreign capital inflows.
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