After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
A weak dollar against major world currencies supported the domestic unit.
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.
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.
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.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
Dealers attributed the rupee's fall to fresh demand for USD.
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.
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 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.
Weakness in the dollar against some currencies supported the rupee.
The domestic currency has dropped by 62 paise or 0.93 per cent in four trading days.
The rupee ended higher for the second consecutive week.
Weakness in dollar in the overseas market also boosted the rupee value
The rupee had shed 13 paise to close at 64.04.
India's current account deficit narrowed sharply to just $300 million
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
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
The rupee ended almost flat against the dollar.
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.
A weak US dollar in overseas markets was the main reason for the rupee's rise even as losses in domestic stocks and some fag-end dollar demand from importers prevented further gains
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.
The rupee ended the day stronger against the dollar.
This is its lowest level since August 30
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
A weak dollar overseas also aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains, forex dealers said.
The rupee had firmed up by 28 paise to close at 3-week high of 66.97 in Monday's trade.
Monday's morning trade sees increased selling of USD by exporters.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
Fresh foreign capital outflows also affected the rupee sentiment, a forex dealer said.
The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
The rupee snapped its two-day winning run against the dollar.
Snapping its 3-day winning spree against the American currency, the rupee on Wednesday dropped by 21 paise to end at 66.64 on fag-end dollar demand from banks and importers despite a sharp rally in domestic equities.
The rupee recovered 14 paise to 66.40 against the dollar in early trade on Monday.
Frantic dollar demand from corporates along with an aggressive hedging strategy adopted by importers in the wake of the currency volatility predominately took a toll on the domestic unit despite moves by the central bank to stabilise the currency.
After a brief overnight pause, the rupee climbed to a new 38-month peak against dollar early on Tuesday. In hectic trade at the Interbank Foreign Exchange market this morning, the rupee breached the crucial 45.40-dollar barrier and touched 45.36/37.
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