Month-end dollar demand affected the rupee
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.
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
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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Fresh dollar selling by banks and exporters largely helped the home currency to recover from early losses
The rupee has lost 37 paise or 0.55 per cent in two days.
The dollar index was trading higher by 0.06 per cent against its major global rivals today.
The rupee has dropped by 83 paise or 1.24 per cent in three days
Healthy demand for the American unit from importers and corporate weighed on the rupee
The rupee had ended 5 paise lower at 67.49 on Monday.
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.
Unwinding of long-dollar positions by speculative traders and the currency's strong underlying fundamentals buoyed the home 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.
Weakness of dollar in the overseas market also boosted the rupee value.
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
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
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 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.
A weak dollar against major world currencies supported the domestic unit.
Fag-end selling of dollars by banks and exporters
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
The rupee had firmed up 16 paise to close at 67.52 on Thursday.
The rupee ended higher for the second consecutive week.
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
This is the biggest one-day fall in the rupee since August 3, 2016
Fresh dollar demand from banks and importers amidst volatile equities triggered the fall
A sustained rise in equity market also boosted the rupee sentiment.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
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.
Dealers attributed the rupee's fall to fresh demand for USD.
The domestic currency had gained by 80 paise, or 1.19 per cent, in previous five trading days.
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.
The rupee breached key resistance levels and spurted to a 38-month peak against the US currency on Wednesday, buoyed by robust foreign fund inflows and export proceeds
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.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
Weakness in the dollar against some currencies supported the rupee.
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.
