The dollar's weakness against rivals overseas supported the rupee.
The domestic currency has dropped 40 paise or 0.60 per cent in two days
Forex dealers said strengthening of dollar against other currencies in the global market also put pressure on the rupee but a higher opening of the domestic equity market limited the fall.
Even the persistent rise in equity market failed to restrict the rupee's fall.
The local currency opened higher at 61.20 a dollar from the previous close of 61.30 at the Interbank Foreign Exchange Market.
The dollar's weakness against other currencies overseas and a higher opening in the domestic equity market supported the rupee, forex dealers said.
The domestic currency has dropped by 62 paise or 0.93 per cent in four trading days.
Sharp fall in domestic stock market also affected the rupee sentiment.
Weakness in dollar in the overseas market also boosted the rupee value
A weak dollar overseas failed to restrict the rupee's decline, a forex dealer said.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
The rupee continued to rule firm against the dollar for the second consecutive day.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
The rupee snapped its two-day winning run against the dollar.
The rupee has lost 37 paise or 0.55 per cent in two days.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
The rupee recovered by three paise to close at 67.65 on fresh selling of dollars by banks and exporters amidst a recovery in equities.
The rupee has dropped by 83 paise or 1.24 per cent in three days
The Reserve Bank of India is likely to cut policy rates by 0.25 per cent and keep the cash reserve ratio unchanged at its policy review next week, on the back of slower-than-expected growth and more encouraging inflation readings, says a report by HSBC.
The US dollar's weakness against some currencies overseas capped the losses.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
The domestic unit moved in a range of 64.14 and 63.99.
Forex dealers said besides the dollar's gains against the euro overseas, increased demand from importers for the US currency and a lower opening in the domestic equity market also put pressure on the rupee.
There was fresh selling of the American currency by banks and exporters
Waiting for capitulation in commodity markets is the better route to profits, says Sonali Ranade.
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Some analysts believe that markets are expected to remain unclear and would have to wait until tomorrow's US non-farm payrolls data.
The domestic currency has gained by four paise or 0.06 per cent in two days.
Continuing its range-bound movement for the fourth session, the rupee today closed up by two paise at 59.25 ahead of industrial output and retail inflation data.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
The Rupee is seen recovering from its all-time lows against the dollar.
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
Increased month-end demand for the US currency from importers put pressure on the rupee
Comparative to other Asian GDP growths, India would have the fastest economic expansion, it said
The dollar is king in an intermediate correction, says Sonali Ranade
Wholesale prices too rose at the same pace to 45-55 per kg in the national capital and other states.
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