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.
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.
The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March. The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7.
Sustained dollar unwinding from exporters and banks amid weak overseas trend gave a boost to the rupee
The domestic unit had recovered to 68.65 in early trade on Friday as against Thursday's closing of 68.72.
The rupee had strengthened by 19 paise on Monday.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
The rupee is expected to become more jittery and choppy in the near-term
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
Sliding for the fifth straight session, the rupee fell 3 paise to close at a fresh lifetime low of 79.06 against the US dollar on Thursday amid a strong greenback overseas and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened at 78.92 against the greenback and witnessed an intra-day high of 78.90 and a low of 79.07. It finally settled at 79.06, down 3 paise over its previous close of 79.03.
The BSE Midcap and Smallcap indices have performed better than the front-liners
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