Rupee was impacted by renewed dollar demand from banks and importers amid sharp falls in equity market
The rupee had lost 27 paise to close at more than 5-week low.
The rupee declined marginally by 3 paise to 66.03 per dollar on fresh demand for the US currency from banks and importers.
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
Lower dollar in the overseas market also boosted the rupee value
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
The home currency failed to keep momentum going and largely traded in a narrow range with positive bias in the absence of any market moving factors
Increased demand for the dollar from importers affected the value of the rupee
The rupee slipped marginally by two paise at 66.43 against the US dollar on good demand
The rupee has lost 37 paise or 0.55 per cent in two days.
The rupee on Monday ended lower by 23 paise to close at an over two-week low of 67.31 against the US currency.
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
Rupee ends day stronger against the dollar.
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
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.
India's sad export figure put pressure on the rupee
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
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
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.
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