Foreign institutional investors pulled out Rs 86.66 crore (Rs 866.6 million) from local stocks on Monday, as per provisional BSE data.
Unwinding of long-dollar positions by speculative traders and the currency's strong underlying fundamentals buoyed the home unit
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.
At the Interbank Foreign Exchange market, the domestic currency resumed stable at its overnight close of 60.07 a dollar and immediately touched a low of 60.09.
The rupee weakened by 27 paise to trade at six-week low of 60.45 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.31 per cent at 97.52.
Rupee closed at 61.86 against the dollar on Tuesday.
The rupee hit a near 10-month high as an alliance led by pro-reform and business friendly Hindu nationalist Narendra was on course for an absolute majority.
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.
Dollar's weakness against other currencies in the global market made the local unit stronger.
The rupee is under pressure for the past one week.
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.
The total number of arrests by the CBI has risen to six -- four PNB officials, a retired employee of the bank, and an authorsied signatory of Nirav Modi's company -- after Monday's development.
The rupee had firmed up by 28 paise to close at 3-week high of 66.97 in Monday's trade.
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
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
The Indian rupee was off to a bad start in the new year as it suffered the worst single-day drop in over two weeks today by falling 32 paise to end at 63.35 against the US dollar.
The rupee gained for the second day, climbing 23 paise to a one-week high of 62.07 against the dollar on Wednesday, amid a modest recovery in local stocks and sales of the US currency by exporters and banks.
The RBI fixed the reference rate for the dollar at 65.2525 and for the euro at 72.1954.
Rising for the second session, the Indian rupee on Thursday climbed by 50 paise to nearly four-week high of 62.67 against the greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Rupee ends day stronger against the dollar.
Increased demand for the dollar from importers put pressure on the rupee.
Capital inflows continued to aid the rupee's rise, although a strong dollar overseas capped the gains.
It is the rupee's biggest single-day gain this year.
Dollar weakness was a major contributor to the rupee recovery as the skittish investors continued to lighten their long positions.
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The local currency opened at 62.20 a dollar from the previous close of 61.93 and immediately touched a low of 62.29 at the interbank foreign exchange market.
There was fresh dollar demand from banks and importers.
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.
Rupee is under pressure against the dollar on weak cues.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
The markets had touched their highest levels in a month.
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.
The rupee has declined by 24 paise in four days of losses.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
Ending a four-day upmove, the rupee on Tuesday retreated four paise from its 11-month high levels to close at 58.63 against the dollar on fresh demand for the US currency from importers, amid some profit-booking in stocks.
The rupee strengthened by 13 paise to 61.67 against the US dollar at close.
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