The rupee has dropped by 83 paise or 1.24 per cent in three days
Month-end dollar demand affected the rupee
Unwinding of long-dollar positions by speculative traders and the currency's strong underlying fundamentals buoyed the home unit
The rupee had ended 5 paise lower at 67.49 on Monday.
The rupee had ended almost flat at 61.41 against the Greenback in the previous session on Wednesday on alternate bouts of buying and selling.
Weakness of dollar in the overseas market also boosted the rupee value.
The dollar index was trading higher by 0.06 per cent against its major global rivals today.
Trading activity was adversely affected at the Interbank Foreign Exchange market early on Wednesday because of thin attendance due to the Mumbai bandh called by the Opposition parties in the state.
The rupee resumed higher at 61.13 per dollar as against yesterday's closing level of 61.40 at the Interbank Foreign Exchange and strengthened further to 60.90 per dollar before ending at 61.05 per dollar, a gain of 35 paise or 0.57 per cent.
Fag-end selling of dollars by banks and exporters
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
The rupee fell back against the pound to 98.72 from overnight close of 98.48 and turned negative to end at 77.44 per euro from Rs 77.37.
This is the biggest one-day fall in the rupee since August 3, 2016
The rupee had firmed up 16 paise to close at 67.52 on Thursday.
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
In one of the largest deals by an Indian telecom company, Reliance Infocomm has raised $300 million from overseas markets through syndicated loans to part-finance its $5.5 billion telecom project.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
A weak dollar against major world currencies supported the domestic unit.
A sustained rise in equity market also boosted the rupee sentiment.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
Fresh dollar demand from banks and importers amidst volatile equities triggered the fall
The domestic currency had gained by 80 paise, or 1.19 per cent, in previous five trading days.
Extending losses for the second straight day, the rupee declined by 11 paise to close at more than 3-week low of 66.93 against the US dollar.
00 hours. The overall investors' wealth, measured in terms of valuation of all listed stocks, was down by nearly Rs 6 lakh crore in early morning trade, from nearly Rs 111.44 lakh crore at the end of Tuesday's trade.
Dealers attributed the rupee's fall to fresh demand for USD.
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
The rupee ended higher for the second consecutive week.
The rupee tumbled to an over four-month closing low of Rs 45.60/62 per dollar on Friday, following heavy all-round dollar demand
Weakness in the dollar against some currencies supported the rupee.
The rupee on Monday ended lower by 23 paise to close at an over two-week low of 67.31 against the US currency.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
The rupee plunged against the US dollar early on Tuesday on renewed hectic all-round dollar demand amidst an acute cash dollar shortage scare with sentiments turning distinctly weak for a further sharp decline.
The domestic currency has dropped by 62 paise or 0.93 per cent in four trading days.
The rupee surged by a whopping 18 paise against the US currency early on Tuesday, extending its smart recovery-run for the second straight session on the back of robust trade and foreign fund investment inflows.
Weakness in dollar in the overseas market also boosted the rupee value
The rupee had shed 13 paise to close at 64.04.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
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