Raghuram Rajan has described the fall in reserves as dip in valuation with appreciation of dollar against other currencies
The rupee ended weaker against the greenback on domestic worries.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
Fresh dollar selling by banks and exporters largely helped the home currency to recover from early losses
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
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.
The rupee had gained 2 paise to end at 60.93 against the greenback in Thursday's trade.
In the latest large opinion poll, the opposition Bharatiya Janata Party and its allies were forecast to win a narrow majority in the 543-seat lower house of parliament, compared with previous surveys predicting that they would fall short.
The rupee recovered by 15 paise at 65.49 against the US dollar.
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.
Reflecting nervousness over the prospect of the Federal Reserve tightening policy and event risk, traders stayed on the sidelines
The rupee had retreated from three-week high and ended six paise down at 60.67 against the dollar on demand from importers for the US currency in Thursday's trade.
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.
The precious metal gold peaked to 11 week high on the domestic markets Friday following higher international advices on weaker dollar.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
In New York, the dollar was up last Friday against its major rivals following weak German economic data.
The rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
Rupee rises by 16 paise against dollar on fresh selling.
The rupee on Friday resumed lower at 60.25 a dollar from previous close of 60.19 at the Interbank Foreign Exchange market.
Rupee rebounds from one-week low, up 9 paise against dollar.
The rupee had ended five paise lower at 61.92 on Tuesday.
In forward market today, premium for dollar declined on sustained receivings from exporters.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
Rupee retreats from 3-week high against dollar ahead of Budget.
The rupee slipped marginally by two paise at 66.43 against the US dollar on good demand
Rupee gained on increased selling of the US currency by banks and exporters
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
The rupee closed 2 paise lower at 60.13 on Wednesday as a sudden demand for the US currency emerged at fag-end of trade.
The rupee on Monday failed to maintain initial gains and ended lower by five paise at 60.21 against the dollar on fag-end demand for the US currency from banks and importers.
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
The rupee closed at 60.76/77 on Tuesday.
The rupee had gained five paise to close at 63.25 against the dollar in on Monday's trade on fresh selling of the US currency by exporters amid bullish stocks.
The rupee extended gains for a second straight day to a new 26-month closing high on Tuesday with sentiment bolstered by robust foreign fund inflows and the greenback's weakness overseas.\n\n\n\n
The dollar index was down 0.01 per cent at 95.86 against a basket of six currencies in early trade
Rupee ends day at 61.91 against the US dollar.
Hiccups in Chinese economy and the overall strength of the dollar will continue to be a drag on the rupee in the coming year
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