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
In the forward market, the premium for dollar moved up on fresh paying pressure corporates.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
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
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
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
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.
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 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.
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 RBI fixed the reference rate for the dollar at 64.1505 and for the euro at 72.2720.
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 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 rupee appreciated 6 paise to 78.27 against the US dollar in opening trade on Monday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, elevated crude prices and persistent foreign fund outflows restricted the rupee's gain, forex dealers said. At the interbank foreign exchange, the rupee opened sharply up at 78.24 against the US dollar, then inched lower to quote 78.27, registering a gain of 6 paise over the last close.
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
The rupee continued to rule firm against the dollar for the second consecutive day.
The rupee recovered by 11 paise to trade at 60.84 against the US dollar in early trade today on selling of the American currency by banks and exporters.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
This is its lowest level since August 30
Persistent fall in crude oil prices affected the market sentiment
The rupee depreciated by 22 paise to close at a fresh lifetime low of 79.48 (provisional) against the US dollar on Monday, tracking a strong greenback overseas and subdued domestic equities. However, receding crude oil prices in the international market restricted the rupee's loss, forex traders said. At the interbank forex market, the local unit opened weak at 79.30 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.49.
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