The rupee depreciated further by 7 paise to 65.12.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
The rupee had dropped by 60 paise or 0.89 per cent in previous three trading days.
The RBI fixed the reference rate for the dollar at 65.2525 and for the euro at 72.1954.
A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove
Continuing its range-bound movement for the fourth session, the rupee today closed up by two paise at 59.25 ahead of industrial output and retail inflation data.
The rupee briefly touched 66.78 in late afternoon trade due to stray dollar buying by some banks.
Recovery in the equity market also boosted the rupee value against the dollar, a forex dealer said
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
The rupee appreciated 6 paise to 78.27 against the US dollar in opening trade on Monday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, elevated crude prices and persistent foreign fund outflows restricted the rupee's gain, forex dealers said. At the interbank foreign exchange, the rupee opened sharply up at 78.24 against the US dollar, then inched lower to quote 78.27, registering a gain of 6 paise over the last close.
The rupee depreciated by 22 paise to close at a fresh lifetime low of 79.48 (provisional) against the US dollar on Monday, tracking a strong greenback overseas and subdued domestic equities. However, receding crude oil prices in the international market restricted the rupee's loss, forex traders said. At the interbank forex market, the local unit opened weak at 79.30 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.49.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
The US currency's decline against major world currencies alongside fag-end dollar supply largely helped the rupee recoup some of its initial losses
Persistent fall in crude oil prices affected the market sentiment
Dealers attributed the rupee's fall to fresh demand for USD.
Weakness in the dollar against some currencies supported the rupee.
In worldwide trade, the US dollar continued its highly bullish trend against all major emerging market currencies
The S&P BSE Sensex plunged 128 points to end at 25,102.
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
In the global market, the US dollar index, which tracks the greenback against a basket of six major rivals, was up by 0.33 per cent.
The Rupee is seen recovering from its all-time lows against the dollar.
The domestic currency had last touched 65-level and ended at 65.24 on September 6, 2013. It moved in a range of 64.63 and 65.23 during the day.
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee sentiment
Weakness of dollar in the overseas market also boosted the rupee value.
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 dollar index was down 0.01 per cent at 95.86 against a basket of six currencies in early trade
Rupee has gained by 15 paise or 0.24 per cent in two days.
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
Sustained capital inflows supporting the rupee sentiment, a forex dealer said.
A sustained rise in equity market also boosted the rupee sentiment.
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
Sharp fall in domestic stock market also affected the rupee sentiment.
The rupee has dropped by 83 paise or 1.24 per cent in three days
Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
A weakening dollar against other currencies overseas supported the rupee.
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
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