The rupee fell because of fresh demand for dollar from importers.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
KV Kamath has had a tough journey so far.
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.
Budget may bring exemption for those backed by Indian securities other than shares
The local currency had shed 2 paise to close at 63.44 on Tuesday.
A weak dollar in overseas market in view of the Federal Reserve's cautious stance on interest rate strengthened the rupee value.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
Kanti Bhatt, respected Gujarati author and journalist, passed into the ages on August 4, 2019, at the age of 88. In tribute, we reproduce an article his wife Sheela Bhatt wrote about him 19 years ago.
The major US indexes pared losses late in the session.
Forex dealers said besides the dollar gaining against other currencies in the global markets on the back of a strong US economy, increased demand for the American unit from importers weighed on the rupee but a higher opening in the domestic equity markets, capped the fall.
The rupee on Wednesday strengthened by another 3 paise to 62.82 against the US 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.
Rupee ends flat against dollar ahead of Fed policy outcome.
Summary of sports events and persons who made news on Thursday
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
Rupee rises by 16 paise against dollar on fresh selling.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
It would be a huge achievement if the new administration manages a successful transition to some sense of domestic and international normalcy in these frantic times marked by the pandemic and rise of illiberal regimes across the world, observes Shreekant Sambrani.
The S&P and Dow dipped the most in a day since September 28.
A common factor that binds all these men is greed.
'People are getting admitted to hospital two to three days before their death in a very serious respiratory compromise state and they are passing away within 48 hours.' 'Those who are coming early in the disease, the minute they are suspicious that they have COVID-19, the recovery rate has been much, much, higher.' 'The moral of the story is: We must destigmatise COVID-19.' 'People should be told: 'Look, if you have anything like this, please come immediately'.'
Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson.
The rupee ended almost flat against the dollar.
Gupta occasionally runs into his one time friend-turned foe Rajaratnam, also serving an 11-year prison term on insider trading charges in the same facility.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Not many people know that today's BPM industry gives specialists great career options.
'The surge of Saudi nationalism is the last thing Washington wants,' says Ambassador M K Bhadrakumar.
From smart cities to gold, the fallout of the Chinese meltdown will have far-reaching consequences
Rupee ends day stronger against the dollar.
Both Obama and Modi have taken bold steps towards laying the groundwork to give a big push to Indo-US trade, and now it's time to execute, says Bikash Mohapatra.
The dollar's weakness against some currencies overseas limited the rupee's fall.
Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
Dealers expect prices to fall further, owing to an impending rate hike in the US
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
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The stock jumped significantly on listing.
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