Rupee down 13 paise to 66.72 against dollar
Fag-end selling of dollars by banks and exporters
Fresh selling of dollars by banks and exporters on the back of good foreign capital inflows helped the rupee
The rupee had firmed up 16 paise to close at 67.52 on Thursday.
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday's trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
Recovery in the equity market also boosted the rupee value against the dollar, a forex dealer said
In forward market, premium for dollar continued to fall due to persistent receivings from exporters.
The domestic unit moved in a range of 64.14 and 63.99.
The rupee had jumped by 164 paise or 2.39 per cent in previous six trading days.
A sustained rise in equity market also boosted the rupee sentiment.
Even the persistent rise in equity market failed to restrict the rupee's fall.
Sharp fall in domestic stock market also affected the rupee sentiment.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
Amid sustained weakness across categories, the Indian stock market remained below the trillion-dollar mark for the third consecutive day today, as the total valuation of all listed companies slipped further to $944 billion.
Rupee movement, global cues key for stocks this week: Experts
The rupee has lost 37 paise or 0.55 per cent in two days.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
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.
The rupee has dropped by 83 paise or 1.24 per cent in three days
After another day of volatile trade, the rupee today appreciated by seven paise to close at a new one-month high of 59.04 against the dollar as the RBI's liquidity-tightening measures continued to lend support.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
The Rupee is seen recovering from its all-time lows against the dollar.
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A weak rupee makes imports costlier, including oil and other commodities.
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
The domestic currency has dropped 40 paise or 0.60 per cent in two days
The domestic currency has dropped by 62 paise or 0.93 per cent in four trading days.
Weakness in dollar in the overseas market also boosted the rupee value
The US dollar's weakness against some currencies overseas capped the losses.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
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