Strong rebound in local equities restricted the rupee's fall.
On Tuesday, the rupee closed lower by 13 paise at 67.27.
The domestic unit closed lower by 6 paise at 66.71.
Bearish dollar overseas also supported the rupee
Rupee is likely to remain under pressure due to domestic concerns.
The domestic currency had last ended at 64.17 per dollar.
The rupee had shed 9 paise to end at 64.13 on Friday.
The domestic currency moved in a range between Rs 53.03 and Rs 53.24 per dollar during morning deals.
The rupee resumed lower at Rs 52.80/81 per dollar on the Interbank Foreign Exchange, against its previous close of Rs 52.71/72 per dollar.
Weak equity markets too hit rupee sentiment
The rupee had snapped its 3-day losing streak on Thursday.
A weak dollar in overseas markets also strengthened the rupee sentiment
Sensex crashed more than 1,000 points in opening trade. Asian stocks plunged too on Friday.
In fairly active trade at the Interbank Foreign Exchange (forex) market, the local currency resumed firm at 39.32/34 a dollar from yesterday's close of 39.44/45 a dollar and later surge to 39.31 level on the back of heavy capital inflows into equity.
The Bombay Stock Exchange and the National Stock Exchange will remain closed on Thursday, it was officially announced.
Extending losses for the second straight session, the rupee slipped by 11 paise at 66.54 against the US dollar.
Sustained rise in equity markets in view of progress in monsoon mainly boosted the rupee value against the dollar.
The rupee on Monday tumbled by 68 paise to close at a nearly 8-week low of 66.44 against the American currency.
The dollar's strength against other currencies overseas limited the rupee's gain.
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
The rupee is under pressure for the past one week.
The rupee ended steady against the American currency at 66.19 per dollar at the Interbank Foreign Exchange here today in view of steady dollar in the overseas market.
The Indian rupee had lost 10 paise to close at 64 on Thursday.
A weak dollar overseas supported the rupee sentiment.
Increased demand for the American unit from importers weighed on the rupee
The rupee bounced back by 10 paise to end at 68.62 on Friday.
The rupee resumed higher at 67.77 per dollar as against last Friday's closing level of 67.78.
The domestic currency has tumbled by 104 paise, or 1.63 per cent, in last six trading days.
It moved in a range of 63.54 and 63.81 per dollar during the day.
The dollar was firm against some global currencies which also weighed on the rupee.
The rupee had plunged by 19 paise to close at over 3-week low.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
Expectations of good foreign capital inflows into equity market in view of firm trend in the stock market also boosted the rupee value against the dollar.
The rupee on Friday bounced back 32 paise to close at 64.74 against the American currency on fresh selling of dollar.
A weak dollar in overseas market boosted the rupee sentiment
The dollar index was down by 0.02 per cent against a basket of six major currencies.
The US dollar index, which measures greenback's strength against a trade-weighted basket of six major currencies, was up 0.14 per cent at 96.74.
The tightness in the liquidity situation escalated on Friday, with the interbank call money rates jumping the highest in six years to close at 19 per cent. The rates had touched 25 per cent intra-day.
Bouts of month-end dollar demand from banks and importers hit the rupee
Rupee weakened by 10 paise to end at 66.14 against the dollar due to month-end demand from importers and banks.
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