The rupee resumed higher at 67.77 per dollar as against last Friday's closing level of 67.78.
The rupee had lost 21 paise on Tuesday's trade.
Extending losses for the second straight session, the rupee slipped by 11 paise at 66.54 against the US dollar.
Firm equity markets and foreign capital inflows failed to restrict rupee's fall against the dollar
The rupee continued to resist the pressure from oil companies and appreciated marginally against the US currency in Wednesday morning dealings.
There is high demand for the US currency from importers
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Demand for the dollar from importers weighed on the local currency.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was sharply higher by 0.62 per cent at 93.96.
Dealers attributed the fall to the dollar's gains after China devalued yuan, which pushed up demand from importers for the US currency.
Rupee logs longest winning streak since 2012; up 19 paise.
In fairly active trade at the Interbank Foreign Exchange (Forex) market, the local unit opened lower at 42.20/22 a dollar from Tuesday's close of 42.10/12. It dropped further to a low of 42.67 a dollar due to heavy dollar buying by oil refiners as the global crude oil prices remained near $126 a barrel after striking a new peak of $126.98 a barrel in intra-day trade at New York on Tuesday. Sustained capital outflows also partly affected the rupee sentiment.
Strong foreign fund inflows, a weakening dollar and slipping oil prices propped up the local unit.
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 Indian benchmark S&P BSE Sensex today eased by 14.59 points, or 0.05 per cent after touching its all-time intra-day peak.
Rupee is seen strengthening against the dollar.
In cross-currency trades, the rupee firmed up further against the pound sterling
The Rupee is seen weakening further against the dollar.
In a quiet trade at the Interbank Foreign Exchange (Forex) market, the local currency resumed firm at 39.46/48 a dollar from Wednesday's close of 39.5450/5500 a dollar, but later trimmed gains at 39.49/50 per dollar in late morning deals. It swung in a range of 39.46 and 39.53 in early trade.
The rupee on Wednesday strengthened by another 3 paise to 62.82 against the US dollar.
The industrial production grew by two per cent in September, mainly on account of better performance by power and mining sectors.
Rupee gains for 4th day against dollar, up 17 paise on Fed stance.
Rupee hits 2-month low, down 21 paise against dollar.
Month-end dollar demand affected the rupee
A weak dollar overseas failed to restrict the rupee's decline, a forex dealer said.
On Thursday, the rupee jumped 50 paise to close at 62.67 against the Greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
The Indian rupee on Monday reacted downwards by 12 paise to log nearly one-week closing low of 63.41 against the Greenback.
Rupee ended weak against the dollar.
On Friday, the rupee had lost 6 paise.
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
The rupee had shed one paise to end at one-month low of 61.74 against the US dollar in Tuesday's trade.
In dull trade, the rupee on Monday ended a mere two paise lower at 60.20 against the US dollar on weak local equities and imported-driven demand for the American currency.
Indian rupee washed out initial losses against the greenback.
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.
Tracking local stocks, rupee on Tuesday regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery.
The rupee had shed 13 paise to close at 64.04.
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.
The rupee is seen weakening against dollar in current week.
The US currency's decline against major world currencies alongside fag-end dollar supply largely helped the rupee recoup some of its initial losses
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.
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