The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
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 domestic currency had last ended at 64.17 per dollar.
The rupee had lost 21 paise on Tuesday's trade.
The local currency had surged 18 paise to 63.64 in Thursday's trade.
The rupee ended higher for the second consecutive week.
The rupee had firmed up by 28 paise to close at 3-week high of 66.97 in Monday's trade.
The Rupee is seen weakening further against the dollar.
On Wednesday, the rupee ended barely steady at 64.93.
The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.
The rupee had advanced 7 paise to end at 65.51 on Thursday.
Increased demand for the American unit from importers weighed on the rupee
The rupee fell back against the pound to 98.72 from overnight close of 98.48 and turned negative to end at 77.44 per euro from Rs 77.37.
The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate.
The domestic currency had gained seven paise on Friday.
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Chidambaram further said government has taken a number of fiscal and administrative measures from time to time to contain inflation especially food.
The rupee slumped to 64-level against the American currency, its second straight fall this week.
It moved in a range of 63.54 and 63.81 per dollar during the day.
The dollar index eased 0.05 per cent to 98.69.
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
The rupee on Tuesday fell by 25 paise to 65.05 on fresh dollar demand from banks and importers despite persistent foreign capital inflows.
Increased demand for the dollar from importers put pressure on the rupee.
Weakness of dollar in the overseas market also boosted the domestic currency, a forex dealer said.
Extending losses for the second straight session, the rupee slipped by 11 paise at 66.54 against the US dollar.
The rupee had gained two paise to close at one-month high of 62.14 against the dollar in Tuesday's trade.
The rupee had lost three paise to hit two-month closing low of 66.80.
The rupee had shed 13 paise to close at 64.04.
After another day of volatile trade, the rupee today appreciated by seven paise to close at a new one-month high of 59.04 against the dollar as the RBI's liquidity-tightening measures continued to lend support.
At the Interbank Foreign Exchange market, the domestic unit commenced higher at 61.80 a dollar from previous close of 61.92.
The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar.
At the Interbank Foreign Exchange Market, the rupee resumed lower at 59.72 a dollar from the previous close of 59.67 and declined to a low of 59.88. It bounced back on dollar selling by exporters and some banks, touching a high of 59.30 before settling at 59.35, a rise of 0.54 per cent.
Increased demand for the dollar weighed on the local currency.
A weak dollar overseas supported the rupee sentiment.
Rupee is seen strengthening against the dollar.
The rupee had snapped its 3-day losing streak on Thursday.
Firm equity markets and foreign capital inflows failed to restrict rupee's fall against the dollar
The Indian rupee on Friday rose for the fifth straight session against the Greenback and ended at 62.46.
The rupee had ended five paise lower at 61.92 on Tuesday.
Rupee hits 2-month low, down 21 paise against dollar.
Rupee falls 5 paise against dollar, ends at 61.92.
