The rupee has lost 23 paise or 0.35 per cent in two days.
The rupee had retreated from three-week high and ended six paise down at 60.67 against the dollar on demand from importers for the US currency in Thursday's trade.
The rupee had shed 9 paise to end at 64.13 on Friday.
It has gained by 23 paise or 0.36 per cent in two days
Sustained rise in equity markets in view of progress in monsoon mainly boosted the rupee value against the dollar.
Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary traders. There are concerns that existing positions without any underlying exposure will need to be liquidated. Also, weighed down by dollar demand from local oil companies and weakness in its Asian peers, the rupee on Wednesday (April 3) ended at a new closing low of 83.44 versus the US currency.
The rupee had risen for the fifth straight session on Thursday.
The local currency had shed 2 paise to close at 63.44 on Tuesday.
The rupee ended steady against the American currency at 66.19 per dollar at the Interbank Foreign Exchange here today in view of steady dollar in the overseas market.
The rupee closed almost flat at 65.76 against the US dollar on some demand for the American currency from banks.
The rupee on Friday bounced back 32 paise to close at 64.74 against the American currency on fresh selling of dollar.
The rupee extended its fall for the fourth consecutive day by losing another 6 paise to hit a fresh one-month low of 62.31.
Dollar sales by exporters and firm local equities also supported the local currency.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
The rupee had ended 5 paise lower at 67.49 on Monday.
The rupee had shed 10 paise to close at 66.14.
On Monday, the rupee had moved up by 3 paise.
The US dollar index was up by 0.16 per cent at 96.53.
The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
The local currency dropped to 61.75 before concluding at 61.70, a loss of seven paise from its previous close.
A weak dollar against major world currencies supported the domestic unit.
There is high demand for the US currency from importers
The rupee opened steady at 63.30 per dollar at the Interbank Foreign Exchange; but, firmed up to 63.22 before quoting at 63.23 per dollar at 1000 hours.
Strong rebound in local equities restricted the rupee's fall.
The rupee shed 6 paise to hit a fresh 1-month low of 62.31 on Thursday.
The dollar firmed up against some global currencies.
The rupee settled at 61.71. In straight three sessions, the currency has shot up 51 paise or by 0.82 per cent.
The economy is likely to grow at about 5.6 per cent in 2014-15 and fiscal and current account deficits no longer pose a threat to macroeconomic stability, India Ratings said on Friday.
The domestic unit closed lower by 6 paise at 66.71.
Extending losses for the fourth straight session, Indian rupee on Monday declined by ten paise to log over 13-month closing low of 63.67.
The rupee on Wednesday strengthened by another 3 paise to 62.82 against the US dollar.
The rupee closed marginally stronger against the dollar on Wednesday.
The rupee on Monday failed to maintain initial gains and ended lower by five paise at 60.21 against the dollar on fag-end demand for the US currency from banks and importers.
Unwinding of long-dollar positions by speculative traders and the currency's strong underlying fundamentals buoyed the home unit
The dollar was firm against some global currencies which also weighed on the rupee.
Rupee is likely to remain under pressure due to domestic concerns.
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A weak rupee makes imports costlier, including oil and other commodities.
The rupee closes 12 paise down against the dollar.
The domestic currency had last ended at 64.17 per dollar.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
