Indian rupee appreciated by 35 paise to end at two-week high of 63.03 against the greenback.
For the first time, the rupee declined to the low level of 80 against the US dollar in intra-day spot trading on Monday before ending the session 16 paise lower at 79.98 amid a surge in crude oil prices and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened at 79.76 against the greenback but lost ground to touch the psychological low mark of 80 against the American currency. The local unit clawed back some lost ground and closed at 79.98, registering a fall of 16 paise over its previous close.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
The Indian rupee was off to a bad start in the new year as it suffered the worst single-day drop in over two weeks today by falling 32 paise to end at 63.35 against the US dollar.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
Sensex eneded lower on poor perfromance by financials and IT stocks.
The rupee fell by 41 paise to close at a fresh lifetime low of 79.36 (provisional) against the US dollar on Tuesday amid a strong greenback overseas and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened at 79.04 against the greenback and witnessed an intra-day high of 79.02 and a low of 79.38. It finally settled at 79.36 (provisional), down 41 paise over its previous close.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
Dollar's strength against other currencies overseas capped the rupee's gain
The dollar gained against other currencies overseas.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
The rupee had gained by 50 paise or 0.75 per cent in two weeks.
Markets crashed due to domestic worries; bluechip stocks tanked too.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Increased month-end demand for the US currency from importers put pressure on the rupee
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
This is the biggest one-day fall in the rupee since August 3, 2016
The Indian currency had appreciated by a whopping 85 paise in three-day surge
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Sustained dollar unwinding from exporters and banks amid weak overseas trend gave a boost to the rupee
The rupee had strengthened by 19 paise on Monday.
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