A strong dollar overseas and some hesitancy in local stocks, however, limited the rupee rise.
A weak dollar overseas also aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains, forex dealers said.
Frantic dollar demand from corporates along with an aggressive hedging strategy adopted by importers in the wake of the currency volatility predominately took a toll on the domestic unit despite moves by the central bank to stabilise the currency.
Weak equity markets too hit rupee sentiment
The rupee weakened even as the dollar fell against major global currencies
A weak dollar in overseas markets also strengthened the rupee sentiment
On Wednesday, the rupee had dropped by 26 paise.
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
A weak dollar overseas supported the rupee sentiment.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
This is the biggest one-day fall in the rupee since August 3, 2016
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
Increased month-end demand for the US currency from importers put pressure on the rupee
The rupee is trading weak against the dollar in afternoon trade.
After a a steep fall last week, the rupee has closed slightly stronger against the dollar.
Good foreign capital inflows failed to restrict the rupee's fall against the dollar
The rupee had plummeted to over three-month low of 63.32.
The rupee recovered from more-than three months low of 63.15 in early trade on dollar selling by banks.
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.
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
Dollar's strength against other currencies overseas capped the rupee's gain
The rupee had ended five paise lower at 61.92 on Tuesday.
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.
Sustained inflows of foreign funds supported the rupee
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
Dollar sales by exporters and firm local equities also supported the local currency.
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
The domestic unit had recovered to 68.65 in early trade on Friday as against Thursday's closing of 68.72.
The rupee recovered by 15 paise at 65.49 against the US dollar.
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.
The rupee had gained 28 paise against the American currency to settle at nearly two-month high at 66.74 in Monday's trade.
Weak dollar against other currencies overseas supported the rupee
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances