The domestic currency had last ended at 64.17 per dollar.
The rupee opened steady at 63.30 per dollar at the Interbank Foreign Exchange; but, firmed up to 63.22 before quoting at 63.23 per dollar at 1000 hours.
Increased demand for the dollar from importers put pressure on the rupee.
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In global markets, the dollar declined against key rivals in early trade as investors weighed the prospects for a continuation of monetary stimulus from the US Federal Reserve.
The rupee had advanced 7 paise to end at 65.51 on Thursday.
On Monday, the rupee had moved up by 3 paise.
The local currency had surged 18 paise to 63.64 in Thursday's trade.
The domestic unit closed lower by 6 paise at 66.71.
The S&P BSE Sensex plunged 128 points to end at 25,102.
The rupee depreciated 6 paise to 77.50 against the US dollar in the opening trade on Wednesday as a surging American currency in the overseas markets and persistent foreign fund outflows weighed on investor sentiment. Besides, rising global crude prices impacted the domestic unit, forex traders said. However, a higher opening in the domestic equity market restricted the rupee's fall, they added.
After another day of volatile trade, the rupee today appreciated by seven paise to close at a new one-month high of 59.04 against the dollar as the RBI's liquidity-tightening measures continued to lend support.
The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.
It moved in a range of 63.54 and 63.81 per dollar during the day.
The dollar was firm against some global currencies which also weighed on the rupee.
In fairly active trade at the Interbank Foreign Exchange (Forex) market, the local unit opened lower at 42.20/22 a dollar from Tuesday's close of 42.10/12. It dropped further to a low of 42.67 a dollar due to heavy dollar buying by oil refiners as the global crude oil prices remained near $126 a barrel after striking a new peak of $126.98 a barrel in intra-day trade at New York on Tuesday. Sustained capital outflows also partly affected the rupee sentiment.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
The rupee had risen for the fifth straight session on Thursday.
The rupee had gained two paise to close at one-month high of 62.14 against the dollar in Tuesday's trade.
The rupee had snapped its 3-day losing streak on Thursday.
The rupee ended higher for the second consecutive week.
The rupee fell sharply by 32 paise at 66.37 against the US dollar in early trade on Tuesday.
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Chidambaram further said government has taken a number of fiscal and administrative measures from time to time to contain inflation especially food.
The domestic currency had gained seven paise on Friday.
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
The rupee had lost 21 paise on Tuesday's trade.
The rupee slumped to 64-level against the American currency, its second straight fall this week.
Weakness of dollar in the overseas market also boosted the domestic currency, a forex dealer said.
On Thursday, the rupee jumped 50 paise to close at 62.67 against the Greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
Persistent selling of the American currency by exporters and bank supported the rupee
The rupee had ended 5 paise lower at 67.49 on Monday.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
The rupee had closed with a gain of 12 paise on Friday.
The rupee fell back against the pound to 98.72 from overnight close of 98.48 and turned negative to end at 77.44 per euro from Rs 77.37.
The rupee had lost three paise to hit two-month closing low of 66.80.
Rupee is under pressure against the dollar on weak cues.
However, the US dollar's strength against other currencies overseas capped the rupee's gain
Dollar sales by exporters and firm local equities also supported the local currency.
The RBI is still a small player in international gold buying among central banks. But in terms of total gold bought in 2019, it is the sixth largest buyer with 25.2 tonnes purchases in the first 10 months of 2019.
Increased demand for the dollar weighed on the local currency.
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