Pound Sterling also turned higher at Rs 81.59/61.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
Sensex eneded lower on poor perfromance by financials and IT stocks.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
'China could place the currency on a par with global biggies. But it has to wait to be a serious challenger.'
The rupee gained 31 paise to close at 66.42 in Thursday's trade.
Sustained month-end demand from banks and importers weighed.
Dollar's weakness against some other currencies overseas supported the rupee.
Stock markets opening with losses too put pressure on the domestic unit.
A higher opening in the domestic equity market influenced the rupee uptrend
Strength in dollar against some other currencies overseas weighed on the rupee
The dollar was firm against some global currencies.
On Tuesday, the rupee had gained 10 paise to close at 66.52.
Forex dealers said a higher opening in the domestic equity market also supported the rupee.
Appreciation of the dollar overseas amid a lower opening in the domestic equity market affected the rupee
While the bond market is relatively conservative about their interest rate expectations, the currency market seems to be projecting that interest rates should be much sharper
A weakening dollar against other currencies overseas supported the rupee.
The crisis in confidence in the banking sector is easing. Banks in Europe and America have taken substantial losses both in their proprietary trading departments and in their loan portfolios.
Besides selling of dollars by exporters, strength in other currencies against the American unit overseas also supported the rupee.
A higher opening in the domestic equity market and a weak dollar against other currencies overseas on a string of disappointing US data last week also supported the gain in the rupee
Besides, a higher opening in the domestic equity market and gains in other Asian currencies against the dollar also supported the rupee.
Weakness in the dollar against some other currencies overseas, supported the rupee
Strength in the dollar against some other currencies overseas weighed on the rupee but a higher opening in the domestic equities cushioned the impact
The rupee on Monday fell by 40 paise to 59.96 in early trade on the Interbank Foreign Exchange market, weighed down by dollar's gains against other currencies in global markets.
Strong foreign fund inflows, a weakening dollar and slipping oil prices propped up the local unit.
Forex dealers attributed the rupee's fall to increased dollar demand from importers amidst rising global crude prices
A higher opening in domestic stock market supported the rupee.
The rupee had rose by a staggering 80 paise, its biggest single-day gain in last nine months, to close at 59.39 amid signs of strong fund inflows on Friday.
Falling for the first time in three days, the rupee washed out initial gains to end four paise lower at 62.57 today on caution ahead of US non-farm payrolls data and sustained capital outflows from Indian markets.
In line with equity market, the rupee trimmed its initial losses but was quoted still lower by 17 paise on dollar demand from banks and importers despite weakness of the US currency overseas.
Traders will watch out for any Reserve Bank of India intervention to prevent the rupee from weakening further.
The rupee on Friday again breached the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low, due to strong demand for the American currency from banks and importers.
Selling of dollars by exporters helped the Indian currency appreciate.
In International market, the US dollar fell further in early trade on Monday, losing further steam in the wake of Friday's weaker-than-expected economic-growth number and caution ahead of what is expected to be a busy week of data and monetary-policy decisions.
Bouts of dollar demand from importers put pressure on the rupee
Rupee gained on fresh selling of dollars by banks ahead of the RBI policy meeting.
Weakening of the dollar against other currencies overseas, following disappointing economic data and a higher opening in the domestic equity market, supported the rupee.
Dealers said besides increased dollar selling by exporters, a higher opening in domestic equity market and yen's gain against the American currency overseas helped the rupee to recover.
Sustained dollar sales by exporters and banks on behalf of their clients also boosted rupee sentiment even as the dollar index was marginally up in overseas markets, said traders.
Weak dollar in the overseas market also boosted the rupee value against the dollar, a forex dealer said.
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