The rupee continued its downslide for the second session in a row, depreciating by 20 paise to close at more than one-week low of 62.51 against the greenback.
The domestic currency has gained 9 paise or 0.13 per cent in two days.
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.
There's sustained demand for the American currency from importers and banks
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
The rupee had dropped by 60 paise or 0.89 per cent in previous three trading days.
Dealers attributed the rupee's fall to fresh demand for the US currency from importers
Increased demand for the American unit from importers and banks, affecting the value of the rupee
Fresh selling of dollars by banks and exporters on the back of good foreign capital inflows helped the rupee
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
In the forward market, the premium for dollar moved up on fresh paying pressure corporates.
Rupee rises by 16 paise against dollar on fresh selling.
The rupee closed marginally stronger against the dollar on Wednesday.
The rupee recovered by three paise to close at 67.65 on fresh selling of dollars by banks and exporters amidst a recovery in equities.
Rupee rebounds from one-week low, up 9 paise against dollar.
The rupee on Monday plunged to a two-week low of 66.61 by falling 47 paise against the US dollar on heavy demand for the American currency from importers.
Rupee retreats from 3-week high against dollar ahead of Budget.
Spurting by a whopping 21 paise, the rupee scaled a fresh over 50-1/2-month closing peak at Rs 43.53/54 per dollar on Wednesday.
The local currency had shed 2 paise to close at 63.44 on Tuesday.
Dollar gained against major currencies overseas.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Lacklustre domestic equities alongside ongoing FCNR redemptions added pressure on the local currency
The rupee depreciated by 19 paise to trade at almost seven-month low of 61.94 against the US currency in early trade today at the Interbank Foreign Exchange on capital outflows amidst the dollar's gain against other currencies overseas.
The US dollar's weakness against some currencies overseas capped the losses.
The Rupee is seen strengthening against the dollar.
However, the hefty initial gains of the rupee, which had jumped to 61.05 intra-day, were substantially erased on month-end demand for US dollars from private oil firms and some defence-related purchases, amid fall in domestic stocks.
The rupee is expected to become more jittery and choppy in the near-term
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
The rupee continued to rule firm against the dollar for the second consecutive day.
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
The rupee added another 8 paise to end at 61.23 against the dollar, the highest level in more than two weeks, as the US currency traded stable ahead of the outcome of Federal Reserve's meeting today and as domestic shares surged to a record.
The dollar maintained its bullish momentum in Asian and early European trade
The rupee rallied smartly against the US currency and scaled a new 27-1/2-month closing peak of Rs 46.5350/5450 per dollar on Thursday.
The Fed's decision on tapering its monthly $85 billion bond-buying programme is expected later on Wednesday.
Markets ended in red, index heavyweights drag.
Persistent foreign capital inflows also boosted sentiment.
A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
The rupee declined marginally by 3 paise to 66.03 per dollar on fresh demand for the US currency from banks and importers.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
