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.
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
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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 rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
The rupee ended the day stronger against the dollar.
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 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 US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
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.
The local currency had lost 119 paise in the past five sessions on rising worries over current account gap and fears that withdrawal of US stimulus will hit inflows from overseas.
Rupee hits more than two-year low; RBI intervenes
A higher opening in the domestic equity market influenced uptrend.
The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.19 per cent at 95.48.
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
A weak dollar overseas failed to restrict the rupee's decline, a forex dealer said.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
The rupee resumed marginally lower at 67.24 per dollar against Wednesday's closing level of 67.21.
The rupee is expected to remain under pressure in the near term, given the strengthening of the dollar against major global currencies and widening of the trade deficit.
A lower opening at the domestic equity market and the dollar's rise against other major currencies overseas also put pressure on the rupee, dealers said.
Weak dollar against other currencies overseas supported the rupee
The rupee strengthened by 14 paise to close at 66.41 against the US dollar on Wednesday.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
The RBI fixed the reference rate for the dollar at 63.8061 and for the euro at 69.6571.
Dealers attributed the rupee's fall to fresh demand for the US currency from importers
The rupee is trading weak against the dollar in afternoon trade.
The rupee extended gains for the second straight session against the US currency by firming up 21 paise to close at 64.82 a dollar.
The rupee on Tuesday gained 29 paise to close at seven-month high of 60.48 against the dollar on sustained selling of the US currency by exporters and banks.
00 hours. The overall investors' wealth, measured in terms of valuation of all listed stocks, was down by nearly Rs 6 lakh crore in early morning trade, from nearly Rs 111.44 lakh crore at the end of Tuesday's trade.
Rupee rises by 16 paise against dollar on fresh selling.
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
Rupee ends day at 61.91 against the US dollar.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
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