Increased demand for the US currency from importers put pressure on the rupee.
Dealers said Euro's gains against the dollar in overseas markets and step taken by the RBI to stablise the rupee mainly influenced the trading sentiment.
Forex dealers said fresh dollar demand from banks and particularly, month-end demand from oil importers despite weakness of the dollar in the overseas market pulled down the rupee.
Forex dealers said fresh demand for the dollar also put pressure on the rupee.
On Tuesday, the rupee had gained 10 paise to close at 66.52.
Appreciation of the dollar overseas amid a lower opening in the domestic equity market affected the rupee
The rupee was at 61.09, breaching the previous low of 60.76 hit on June 26. It had closed at 60.225/235 on Friday.
Forex dealers said besides dollar selling by exporters, a higher opening in domestic equity market helped the rupee to strengthen.
The rupee hit a new 44-month closing high against the US currency at Rs 44.7450/7550 per dollar on Wednesday due to sustained heavy foreign investment inflows.
The dollar index, consisting of six major currencies, was up by 0.35 per cent, ahead of tomorrow's US Federal Reserve meeting.
The rupee had lost 10 paise to close at 54.62 on Monday.
After a brief overnight pause, the rupee climbed to a new 38-month peak against dollar early on Tuesday. In hectic trade at the Interbank Foreign Exchange market this morning, the rupee breached the crucial 45.40-dollar barrier and touched 45.36/37.
The rupee breached key resistance levels and spurted to a 38-month peak against the US currency on Wednesday, buoyed by robust foreign fund inflows and export proceeds
At the Interbank Foreign Exchange market, the domestic unit resumed lower at 54.42 a dollar from overnight close of 54.26 and moved in a narrow range of 54.34 and 54.46.
Banks and exporters preferred to reduce their dollar position at the current stage in view of sustained capital inflows coupled with weakness in dollar overseas, forex dealers said.
The rupee resumed better at 54.52 a dollar from previous close of 54.56 at the Interbank Foreign Exchange market and immediately touched a low of 54.56.
The local currency commenced lower at 54.03 a dollar on Monday's close of 53.86 at the Interbank Foreign Exchange market.
Trading activity was adversely affected at the Interbank Foreign Exchange market early on Wednesday because of thin attendance due to the Mumbai bandh called by the Opposition parties in the state.
Forex dealers said fresh dollar demand from importers also weighed on the rupee sentiment, while sustained foreign fund inflows into local stocks capped its fall to some extent.
The rupee surged by a whopping 18 paise against the US currency early on Tuesday, extending its smart recovery-run for the second straight session on the back of robust trade and foreign fund investment inflows.
The rupee had lost 6 paise to close at 55.80 against the Greenback yesterday on persistent dollar demand amid stronger trend overseas.
Rupee climbs further to fresh nine year high of 39.785 against the US dollar
The Indian rupee today dipped to a two-year low of 46 against the US dollar following heavy demand from importers for the greenback.
Sensex crashed more than 1,000 points in opening trade. Asian stocks plunged too on Friday.
The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close. During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency.
The rupee tumbled to an over four-month closing low of Rs 45.60/62 per dollar on Friday, following heavy all-round dollar demand
The rupee plunged against the US dollar early on Tuesday on renewed hectic all-round dollar demand amidst an acute cash dollar shortage scare with sentiments turning distinctly weak for a further sharp decline.
Forex dealers attributed the rupee's fall to increased demand for the US currency from importers
As news of explosions came in, the rupee initially plunged by over ten paise to Rs 45.97/99 from opening levels of Rs 45.8450/8600
A higher opening in the domestic stock market buoyed the rupee sentiment
The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for reclassifying India's exchange rate regime. The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to "stabilised arrangement" from "floating" for period between December 2022 to October 2023. India's Executive Director at IMF K V Subramanian and Senior Advisors Sanjay Kumar Hansda and Anand Singh questioned the selection period adopted by the Fund for analysis and also reclassification of the country's exchange rate regime.
The rupee depreciated by 37 paise to close at 79.62 against the US dollar on Thursday despite sustained foreign capital inflows and a positive trend in equities. At the interbank foreign exchange market, the local currency opened at 79.22 and saw an intra-day high of 79.22 and a low of 79.94 against the American currency. It finally ended at 79.62, down 37 paise over its previous close of 79.25.
Continuing its fall for the sixth consecutive day, the Indian rupee on Monday depreciated by 43 paise against the greenback in opening trade
The rupee rallied smartly against the US currency and scaled a new 27-1/2-month closing peak of Rs 46.5350/5450 per dollar on Thursday.
Forex dealers said a higher opening in the domestic equity market and dollar's weakness against other currencies overseas after the US Federal Reserve kept its easing policy unchanged also supported the rupee.
The rupee had last ended at better levels at Rs 45.7800/7850 per dollar on September 15, 2000.
Meanwhile, the rupee opened at Rs 46.11/12 per dollar and was quoted at Rs 46.1125/1225 in late morning deals, it changed little from overnight close of Rs 46.1150/1250.\n\n\n\n
The rupee on Monday tumbled against the US currency on a fresh wave of all-round dollar short-covering by banks, corporates and importers in the fairly active trade at the Interbank foreign exchange market.
The rupee rose by seven paise to 62.10 against the dollar.
The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday, weighed down by persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened on a weak note at 78.86 against the American dollar, then lost ground to quote at 78.96 -- its all-time low level, registering a fall of 11 paise from the last close. On Tuesday, the rupee plunged by 48 paise to close at record low of 78.85 against the US dollar.
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