The rupee on Friday snapped its two-day gaining streak against the US dollar.
On Wednesday, the rupee had dropped by 26 paise.
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On Monday, the rupee gained 16 paise.
SBI managing director PK Gupta told reporters that the rupee has been faring better than many of its peers, including the Turkish, Argentinean, and Indonesian currencies.
Forex dealers said besides robust month-end demand for the American currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering Sino-US trade tensions, weighed on the domestic currency.
The rupee on Thursday surged by 22 paise to close at a fresh three-week high of 61.75 against the US currency.
The rupee hovered in a narrow range of 62.20 and 62.28
Rupee rises against the dollar for 4th straight session.
Tracking a steep fall in local share market, the Indian rupee on Tuesday washed out initial gains and ended with a loss of 16 paise
The Indian rupee on Monday reacted downwards by 12 paise to log nearly one-week closing low of 63.41 against the Greenback.
The rupee ended weaker against the greenback on domestic worries.
The rupee continued its downslide for the second session in a row, depreciating by 20 paise to close at more than one-week low of 62.51 against the greenback.
The rupee resumed higher at 61.13 per dollar as against yesterday's closing level of 61.40 at the Interbank Foreign Exchange and strengthened further to 60.90 per dollar before ending at 61.05 per dollar, a gain of 35 paise or 0.57 per cent.
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The global brokerage firm further said that BoP would be INR-supportive.
A strong dollar overseas and some hesitancy in local stocks, however, limited the rupee rise.
Dollar gained against major currencies overseas.
Sustained inflows of foreign funds supported the rupee
The rupee appreciated 7 paise to 79.74 against the US dollar in early trade on Thursday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee's gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.72 against the American dollar, then went lower to trade at 79.74 against the greenback in early deals, registering a gain of 7 paise over the last close.
The rupee on Friday resumed lower at 60.25 a dollar from previous close of 60.19 at the Interbank Foreign Exchange market.
The rupee has gained by 21 paise or 0.31 per cent in last two days
A weak dollar in overseas market boosted the rupee sentiment
Rupee logs longest winning streak since 2012; up 19 paise.
The domestic currency had lost 10 paise to close at 59.03 against the dollar in Thursday's trade amid capital outflows linked to fall in equities.
Foreign institutional investors pulled out Rs 86.66 crore (Rs 866.6 million) from local stocks on Monday, as per provisional BSE data.
The rupee appreciated by 29 paise to close at 63.38 against the greenback following fresh dollar selling by exporters.
A weak dollar in overseas markets also strengthened the rupee sentiment
Capital inflows continued to aid the rupee's rise, although a strong dollar overseas capped the gains.
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The rupee gained 8 paise to close at over two-week high of 61.23 against the US dollar in the previous session.
The rupee added another 8 paise to end at 61.23 against the dollar, the highest level in more than two weeks, as the US currency traded stable ahead of the outcome of Federal Reserve's meeting today and as domestic shares surged to a record.
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
Forex dealers said strengthening of the euro against the dollar overseas and a higher opening in the domestic equity market also supported the local currency.
The rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
The rupee ended the day stronger against the dollar.
The local currency recovered some ground after the Reserve Bank of India (RBI) was said to have stepped in through state-run banks, helping the rupee to end at 64.30, a fall of 110 paise or 1.74 per cent.
The dollar index was up by 0.43 per cent against a basket of six major currencies as euro dropped against the dollar, after quarterly economic reports from France and Germany missed expectations, said analysts.
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