Healthy demand for the American unit from importers and corporate weighed on the rupee
The rupee recovered 14 paise to 66.40 against the dollar in early trade on Monday.
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 domestic currency has already dropped 44 paise, or 0.67 per cent, in the previous two sessions.
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 rupee has depreciated by about 25 per cent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
The dollar maintained its bullish momentum in Asian and early European trade
The domestic currency tumbled by 45 paise or 0.68 per cent in two days.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
India's current account deficit narrowed sharply to just $300 million
The domestic currency has gained 9 paise or 0.13 per cent in two days.
The rupee had recovered from its 29-month lows by rising 39 paise to close at 67.63 on Friday.
Unwinding of long dollar positions ahead of the US job data backed the rupee sentiment
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
The rupee briefly touched 66.78 in late afternoon trade due to stray dollar buying by some banks.
Extending losses for the second straight day, the rupee declined by 11 paise to close at more than 3-week low of 66.93 against the US dollar.
The rupee on Monday plunged to a two-week low of 66.61 by falling 47 paise against the US dollar on heavy demand for the American currency from importers.
Fag-end selling of dollars by banks and exporters
Rupee has gained by 15 paise or 0.24 per cent in two days.
Fresh selling of dollars by banks and exporters on the back of good foreign capital inflows helped the rupee
The rupee had firmed up 16 paise to close at 67.52 on Thursday.
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
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.
The American currency regained its buoyant strength after a brief sideways movement following overnight US Fed's optimistic tone about the future of the US economy
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
Rupee is under pressure against the dollar say currency watchers.
Heavy unwinding by foreign portfolio investors and lacklustre equities dampened the sentiment
Forex dealers said besides dollar's gains against other currencies, fresh demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.
The steep fall in rupee came on a day when the Reserve Bank of India in its first quarter review of monetary policy kept the all key rates unchanged but cut the gross domestic growth forecast to 5.5 per cent for FY'14 from 5.7 per cent earlier.
After another day of volatile trade, the rupee today appreciated by seven paise to close at a new one-month high of 59.04 against the dollar as the RBI's liquidity-tightening measures continued to lend support.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
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