The rupee hovered in a narrow range of 62.20 and 62.28
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.
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 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.
Month-end dollar demand affected the rupee
Rupee rises against the dollar for 4th straight session.
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.
Bouts of month-end dollar demand from banks and importers hit the rupee
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.
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
The rupee had dropped 15 paise or 0.22 per cent yesterday.
Rupee ended weak against the dollar.
2018 has been a disappointing and highly volatile year for equity investors.
The rupee had shed 13 paise to close at 64.04.
The rupee had retreated from nearly two-week high and ended three paise lower at 60.12 against the Greenback in yesterday's trade.
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.
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.
Rupee fell to its 9-month low of 62.03 against the dollar.
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.
As stock markets continue to witness a dream rally, the total market valuation of domestic listed companies has soared to a record $1.6 trillion on a day the benchmark BSE Sensex ended at a new closing high of 28,177.88.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
The rupee ended at a 2002 closing high against the dollar on Wednesday, boosted by robust remittances by exporters and banks going short on the greenback on hopes that more gains were in store for the local currency.
A weak rupee, though seemingly good for exporters, would push up input cost further for Indian companies.
The rupee had lost 30 paise to close at 61.35 in the previous session on Friday on fresh demand for the US currency from banks and importers due to firm dollar overseas and sharp fall in local equities.
The rupee ended at a 26-month closing high on Tuesday, breaching the key 46.8 per dollar mark on the back of robust trade and foreign fund inflows and the greenback's overseas weakness, traders said.
Raghuram Rajan has described the fall in reserves as dip in valuation with appreciation of dollar against other currencies
While OPEC has been unable to agree on an output freeze in an effort to support prices, Iraq was the latest Middle East producer to raise its exports quota
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
The precious metal gold peaked to 11 week high on the domestic markets Friday following higher international advices on weaker dollar.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
The rupee ended weaker against the greenback on domestic worries.
A strong dollar overseas and some hesitancy in local stocks, however, limited the rupee rise.
A weak dollar overseas also aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains, forex dealers said.
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