Forex dealers said dollar's weakness against other currencies overseas supported the rupee.
Persistent fall in crude oil prices affected the market sentiment
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
In overseas trade, the American currency traded lower against the yen and the euro in an Asian session as well as modest profit-taking after recent sharp gains
The rupee recovered from initial losses against the American currency and was quoted higher by 6 paise to 62.00 on fresh selling of dollars by banks and exporters in view of strong foreign capital inflows into equity market.
The rupee had risen for the fifth straight session on Thursday.
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
The rupee had lost 10 paise to close at 21-month low of 64.26 against the greenback in Tuesday's trade.
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 rupee on Monday failed to maintain initial gains and ended lower by five paise at 60.21 against the dollar on fag-end demand for the US currency from banks and importers.
The rupee had ended five paise lower at 61.92 on Tuesday.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
A weakening dollar against other currencies overseas supported the rupee.
The dollar's weakness against some currencies overseas limited the rupee's fall.
The domestic currency had lost 15 paise to close at 63.82 on Wednesday.
The benchmark Sensex conquered yet another milestone of 28,000 for the first time briefly before concluding at a new closing peak of 27,915.88, a rise of 55.50 points of 0.20 per cent.
The Indian unit opened sharply higher at 64.80 as against Wednesday's closing level of 65.12.
Recovery in the equity market also boosted the rupee value against the dollar, a forex dealer said
The rupee had recovered from its 29-month lows by rising 39 paise to close at 67.63 on Friday.
The rupee on Friday snapped its two-day gaining streak against the US dollar.
The rupee on Tuesday weakened by 15 paise to close at 63.30 against the US currency
The rupee ended lower by 7 paise to 62.31 against the American currency on fresh dollar demand from banks.
Sustained capital inflows supporting the rupee sentiment, a forex dealer said.
On Wednesday, the rupee had dropped by 26 paise.
Dollar weakness was a major contributor to the rupee recovery as the skittish investors continued to lighten their long positions.
The Indian rupee on Friday rose for the fifth straight session against the Greenback and ended at 62.46.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
On Monday, the rupee gained 16 paise.
The rupee slipped marginally by two paise at 66.43 against the US dollar on good demand
The rupee resumed marginally lower at 67.24 per dollar against Wednesday's closing level of 67.21.
The US currency's decline against major world currencies alongside fag-end dollar supply largely helped the rupee recoup some of its initial losses
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Chidambaram further said government has taken a number of fiscal and administrative measures from time to time to contain inflation especially food.
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
Rupee ends day at 61.91 against the US dollar.
The rupee had ended 11 paise higher at 62.20 on Tuesday.
Healthy demand for the American unit from importers and corporate weighed on the rupee
Fresh dollar selling by banks and exporters largely helped the home currency to recover from early losses
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
The rupee has lost 37 paise or 0.55 per cent in two days.
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