Falling for the third day, Indian rupee on Wednesday weakened by 14 paise to close at over one-week low of 62.02 against the Greenback.
The rupee had gained 28 paise against the American currency to settle at nearly two-month high at 66.74 in Monday's trade.
The rupee had depreciated by 13 paise to end at 67.20.
The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar.
The rupee on Thursday surged by 22 paise to close at a fresh three-week high of 61.75 against the US currency.
Dollar's weakness against other currencies in the global market made the local unit stronger.
The rupee closes 12 paise down against the dollar.
In forward market today, premium for dollar declined on sustained receivings from exporters.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
The RBI is still a small player in international gold buying among central banks. But in terms of total gold bought in 2019, it is the sixth largest buyer with 25.2 tonnes purchases in the first 10 months of 2019.
Forex dealers attributed the fall to increased demand for the dollar.
Rupee rises against the dollar for 4th straight session.
Dealers attributed the fall to the dollar's gains after China devalued yuan, which pushed up demand from importers for the US currency.
On Thursday, the rupee jumped 50 paise to close at 62.67 against the Greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
The Indian rupee on Monday reacted downwards by 12 paise to log nearly one-week closing low of 63.41 against the Greenback.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
The rupee depreciated 20 paise to close at 63.84 in Monday's trade.
The rupee recovered from more-than three months low of 63.15 in early trade on dollar selling by banks.
Rupee hits 2-month low against dollar on US rate hike fears.
Lower dollar in the overseas market also boosted the rupee value
on Monday, the rupee ended lower by 4 paise.
There is high demand for the US 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.
The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.
The rupee had dropped by 18 paise to end at 66.40
The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate.
The domestic currency had gained seven paise on Friday.
Rupee logs longest winning streak since 2012; up 19 paise.
Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar
On Friday, the rupee had lost 6 paise.
The rupee extended gains for the fourth straight day against the US currency on Thursday.
Sustained inflows of foreign funds supported the rupee
The rupee weakened even as the dollar fell against major global currencies
The Rupee is seen weakening further against the dollar.
The idea is to keep the RBI's information technology (IT) infrastructure in top shape to run the payments and settlement system uninterrupted 24x7, and run the full gamut of RBI functions from the secured data centres, as nearly 14,000 RBI staffers, except the senior-most management, work from home.
The rupee snapped 2-day rise to end weaker against the dollar on Thursday.
Weak dollar against other currencies overseas supported the rupee
Rupee fell to 45.03 in the Interbank Foreign Exchange Market against the dollar in morning trade today on worries of capital outflows which may increase because of equity sales by foreign investors.
The rupee slumped to 64-level against the American currency, its second straight fall this week.
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