The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
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.
At the Interbank Foreign Exchange market, the domestic currency resumed stable at its overnight close of 60.07 a dollar and immediately touched a low of 60.09.
The Indian rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas.
The rupee gained for the second day, climbing 23 paise to a one-week high of 62.07 against the dollar on Wednesday, amid a modest recovery in local stocks and sales of the US currency by exporters and banks.
The rupee closes 12 paise down against the dollar.
The rupee recovered 14 paise to 66.40 against the dollar in early trade on Monday.
The dollar maintained its bullish momentum in Asian and early European trade
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
The Rupee is seen weakening further against the dollar.
Snapping its two-day gains, the rupee on Monday declined by 48 paise to settle at nearly four-week low of 62.17 against the US currency.
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.
Extending losses for the second straight session, the rupee slipped by 11 paise at 66.54 against the US dollar.
A weak dollar overseas supported the rupee sentiment.
Rupee hits new low at close against dollar.
There was fresh dollar demand from banks and importers.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
The currency lost six paise on sustained dollar demand from importers.
The demand for the US currency from importers outweighed capital inflows and firm local equities.
Forex traders said a stronger dollar also dragged the rupee down.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
Firm equity markets and foreign capital inflows failed to restrict rupee's fall against the dollar
The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar.
In forward market today, premium for dollar declined on sustained receivings from exporters.
It has gained by 23 paise or 0.36 per cent in two days
The domestic currency has dropped 40 paise or 0.60 per cent in two days
The local currency had shed 2 paise to close at 63.44 on Tuesday.
Rupee is under pressure against the dollar say currency watchers.
The rupee extended gains for the fourth straight day against the US currency on Thursday.
The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate.
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The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
A weak dollar in overseas market in view of the Federal Reserve's cautious stance on interest rate strengthened the rupee value.
Rupee hits 2-month low, down 21 paise against dollar.
A weak dollar against major world currencies supported the domestic unit.
The domestic currency has already dropped 44 paise, or 0.67 per cent, in the previous two sessions.
The dollar index eased 0.05 per cent to 98.69.
In cross-currency trades, the rupee firmed up further against the pound sterling
Rupee ended weak against the dollar.
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