The local currency had lost 119 paise in the past five sessions on rising worries over current account gap and fears that withdrawal of US stimulus will hit inflows from overseas.
Tracking local stocks, rupee on Tuesday regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery.
India's current account deficit narrowed sharply to just $300 million
The rupee ended almost flat against the dollar.
Unwinding of long dollar positions by banks too aided the sentiment
The rupee had dropped by 18 paise to end at 66.40
At lower levels, a supportive buying in dollar forced rupee to depreciate since opening trade
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
India's sad export figure put pressure on the rupee
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
In the forward market, the premium for dollar moved up on fresh paying pressure corporates.
In overseas trade, the American currency traded lower against the yen and the euro in an Asian session as well as modest profit-taking after recent sharp gains
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
In cross-currency trades, the rupee recovered sharply against the pound sterling to finish at 93.13.
Weakness in dollar in the overseas market also boosted the rupee value
The domestic currency tumbled by 45 paise or 0.68 per cent in two days.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The rupee ended lower by 7 paise to 62.31 against the American currency on fresh dollar demand from banks.
The rupee depreciated by 19 paise to trade at almost seven-month low of 61.94 against the US currency in early trade today at the Interbank Foreign Exchange on capital outflows amidst the dollar's gain against other currencies overseas.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
The gains were capped due to month-end dollar demand from importers, mainly oil firms
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
The rupee snapped 2-day rise to end weaker against the dollar on Thursday.
The rupee recovered marginally at close against the dollar.
Overall forex market sentiment remained cautious
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
The RBI fixed the reference rate for the dollar at 64.1505 and for the euro at 72.2720.
The rupee had lost 10 paise to close at 21-month low of 64.26 against the greenback in Tuesday's trade.
Extending losses for the second straight day, the rupee declined by 11 paise to close at more than 3-week low of 66.93 against the US dollar.
The Indian unit opened sharply higher at 64.80 as against Wednesday's closing level of 65.12.
In dull trade, the rupee on Monday ended a mere two paise lower at 60.20 against the US dollar on weak local equities and imported-driven demand for the American currency.
The rupee snapped its two-day winning run against the dollar.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
A weak US dollar in overseas markets was the main reason for the rupee's rise even as losses in domestic stocks and some fag-end dollar demand from importers prevented further gains
The dollar index was trading higher by 0.06 per cent against its major global rivals today.
Fresh dollar demand from banks and importers amidst volatile equities triggered the fall
Heavy unwinding by foreign portfolio investors and lacklustre equities dampened the sentiment
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