Weakness in dollar in the overseas market also boosted the rupee value
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
The rupee snapped its two-day winning run against the dollar.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
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The rupee has lost 37 paise or 0.55 per cent in two days.
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
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The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
The US dollar's weakness against some currencies overseas capped the losses.
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
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.
The domestic unit moved in a range of 64.14 and 63.99.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
Waiting for capitulation in commodity markets is the better route to profits, says Sonali Ranade.
There was fresh selling of the American currency by banks and exporters
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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.
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 domestic currency has gained by four paise or 0.06 per cent in two days.
The dollar is king in an intermediate correction, says Sonali Ranade
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.
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.
Comparative to other Asian GDP growths, India would have the fastest economic expansion, it said
Wholesale prices too rose at the same pace to 45-55 per kg in the national capital and other states.
Increased month-end demand for the US currency from importers put pressure on the rupee
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
The RBI stipulated on Thursday that foreign institutional investors would require a mandate from participatory note holders to hedge on their behalf.
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
It has also informed the Bombay Stock Exchange that the Board of Directors of the Company at its meeting held on October 10, 2014, inter alia, has declared interim dividend of Rs 30 per equity share. The interim dividend declared in the previous year was Rs. 20 per equity share.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
Petrol price has been hiked by Rs 1.82 a litre, excluding taxes, with effect from midnight tonight.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market.
The rupee had gained by 50 paise or 0.75 per cent in two weeks.
