The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
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 rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
Increased month-end demand for the US currency from importers put pressure on the rupee
Unwinding of long dollar positions ahead of the US job data backed the rupee sentiment
The rupee on Tuesday fell by 25 paise to 65.05 on fresh dollar demand from banks and importers despite persistent foreign capital inflows.
At the Interbank Foreign Exchange market, the domestic unit commenced higher at 61.80 a dollar from previous close of 61.92.
The domestic currency has dropped 40 paise or 0.60 per cent in two days
The rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
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