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
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 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 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.
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
Rupee ends day at 61.91 against the US dollar.
The dollar index was down 0.01 per cent at 95.86 against a basket of six currencies in early trade
Traders hope elections will see BJP winning a majority to usher in reforms and pull the economy out of the current slow growth.
In Hong Kong market, the dollar fell against Japanese yen in early trade after the release of a set of stronger- than-expected economic data.
Hiccups in Chinese economy and the overall strength of the dollar will continue to be a drag on the rupee in the coming year
The rupee recovered marginally at close against the dollar.
The Indian unit opened higher at 66.10 per dollar as against overnight level of 66.30 at the Interbank Foreign Exchange market and firmed up further to 66.04 on initial dollar selling.
Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas also supported the rupee, but a lower opening in the domestic equity market limited the rise.
With the benchmark Sensex witnessing a dream-run, total market valuation of BSE listed companies has inched closer to Rs 100 lakh crore milestone.
Forex dealers said besides dollar's gains against other currencies, increased demand for the American unit from importers put pressure on the rupee, but a higher opening in the domestic equity market limited the losses.
Earlier, the rupee resumed slightly lower by 60.77 as against the last closing level of 60.76 at the Interbank Foreign Exchange Market but it immediately gained strength to quote 60.69 in early trade on bouts of dollar selling by exporters.
Rupee logs longest winning streak since 2012; up 19 paise.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The rupee gained 28 paise on Thursday to close at 62.50.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
Domestic equity markets opened with losses which capped the rupee gains.
Traders also say oil-related dollar demand is capping broader gains in the rupee.
The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.19 per cent at 95.48.
'We will supply dollars in case of extreme volatility.'
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
The rupee had shed four paise at 63.81 against the US dollar in Friday's trade on sustained demand.
India's current account deficit narrowed sharply to just $300 million
Earlier, the rupee resumed slightly lower at 61.70 per dollar as against Tuesday's close of 61.69 at the Interbank Foreign Exchange market.
The dollar index was trading higher by 0.06 per cent against its major global rivals today.
The rupee appreciated by 29 paise to close at 63.38 against the greenback following fresh dollar selling by exporters.
Investors will keenly watch US Fed meet starting Tuesday
Dealers attributed the rupee's fall to fresh demand for USD.
Rising production from OPEC as well as the US also weighing on prices
The Indian currency had appreciated by a whopping 85 paise in three-day surge
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
Increased demand for the dollar from importers affected the value of the rupee
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