In cross-currency trades, the rupee recovered sharply against the pound sterling to finish at 93.13.
The local currency dropped to 61.75 before concluding at 61.70, a loss of seven paise from its previous close.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
Continuing its fall for the sixth consecutive day, the Indian rupee on Monday depreciated by 43 paise against the greenback in opening trade
Tracking a steep fall in local share market, the Indian rupee on Tuesday washed out initial gains and ended with a loss of 16 paise
Volatile currency market sentiment across Asia following a fresh round of China's yuan depreciation further added to gloom.
The rupee extended its fall for the fourth consecutive day by losing another 6 paise to hit a fresh one-month low of 62.31.
In a meeting with Reserve Bank of India Deputy Governor Rakesh Mohan on Monday, bankers expressed concerns that interest rates had not shown signs of softening despite ample liquidity and overnight rates being at close to 1 per cent levels.
The rupee recovered by 15 paise at 65.49 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.
The rupee opened steady at 63.30 per dollar at the Interbank Foreign Exchange; but, firmed up to 63.22 before quoting at 63.23 per dollar at 1000 hours.
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
Rupee ended weak against the dollar.
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
The dollar index eased 0.05 per cent to 98.69.
The rupee has declined by 24 paise in four days of losses.
The rupee recovered from initial losses against the US dollar and was quoted barely steady at 61.91 on selling of the American currency by banks and exporters on good foreign capital inflows.
The rupee had shed one paise to end at one-month low of 61.74 against the US dollar in Tuesday's trade.
The Indian unit opened higher at 66.10 per dollar as against overnight level of 66.30 at the Interbank Foreign Exchange market and firmed up further to 66.04 on initial dollar selling.
The rupee strengthened by 14 paise to close at 66.41 against the US dollar on Wednesday.
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
The rupee gained 28 paise on Thursday to close at 62.50.
The rupee continued to resist the pressure from oil companies and appreciated marginally against the US currency in Wednesday morning dealings.
In fairly active trade at the Interbank Foreign Exchange (Forex) market, the local unit opened lower at 42.20/22 a dollar from Tuesday's close of 42.10/12. It dropped further to a low of 42.67 a dollar due to heavy dollar buying by oil refiners as the global crude oil prices remained near $126 a barrel after striking a new peak of $126.98 a barrel in intra-day trade at New York on Tuesday. Sustained capital outflows also partly affected the rupee sentiment.
The rupee had lost 27 paise to close at more than 5-week low.
Reflecting nervousness over the prospect of the Federal Reserve tightening policy and event risk, traders stayed on the sidelines
The rupee had retreated from three-week high and ended six paise down at 60.67 against the dollar on demand from importers for the US currency in Thursday's trade.
Unwinding of long dollar positions by banks too aided the sentiment
In forward market, premium for dollar continued to fall due to persistent receivings from exporters.
The domestic currency has already dropped 44 paise, or 0.67 per cent, in the previous two sessions.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was sharply higher by 0.62 per cent at 93.96.
The rupee had lost 21 paise on Tuesday's trade.
At lower levels, a supportive buying in dollar forced rupee to depreciate since opening trade
In forward market, premium for dollar declined in view of mild receivings from exporters.
The rupee ended weaker against the greenback on domestic worries.
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 has gained by 21 paise or 0.31 per cent in last two days
Increased demand for the dollar from importers affected the value of the rupee
India's sad export figure put pressure on the rupee
The rupee on Tuesday recovered from its two-week low to end steady at 66.60 against the American currency, inching up by a paisa on the back of mild dollar selling.
