Falling for the third day, Indian rupee on Wednesday weakened by 14 paise to close at over one-week low of 62.02 against the Greenback.
The rupee had shed 10 paise to close at 66.14.
Monday's morning trade sees increased selling of USD by exporters.
The domestic unit moved in a range of 64.14 and 63.99.
The rupee settled at 61.71. In straight three sessions, the currency has shot up 51 paise or by 0.82 per cent.
The Indian unit opened higher at 66.10 per dollar as against overnight level of 66.30 at the Interbank Foreign Exchange market and firmed up further to 66.04 on initial dollar selling.
Forex dealers said weakness in local equities cast a shadow on the rupee. Dollar losing in overseas markets didn't impact the fall of the local currency, they added.
Strong rebound in local equities restricted the rupee's fall.
There is high demand for the US currency from importers
Rupee is likely to remain under pressure due to domestic concerns.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
The rupee ended steady against the American currency at 66.19 per dollar at the Interbank Foreign Exchange here today in view of steady dollar in the overseas market.
The local currency opened higher at 61.20 a dollar from the previous close of 61.30 at the Interbank Foreign Exchange Market.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
Increased demand for the American unit from importers weighed on the rupee
The rupee extended its fall for the fourth consecutive day by losing another 6 paise to hit a fresh one-month low of 62.31.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
The rupee has dropped by 21 paise or 0.32 per cent in the last two sessions.
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 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.
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
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.
The Rupee is seen weakening further against the dollar.
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.
Rupee hits new low at close against dollar.
A weak dollar overseas supported the rupee sentiment.
There was fresh dollar demand from banks and importers.
The demand for the US currency from importers outweighed capital inflows and firm local equities.
The currency lost six paise on sustained dollar demand from importers.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
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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.
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