The domestic currency has gained by four paise or 0.06 per cent in two days.
The Rupee is seen strengthening against the dollar.
The dollar strengthened against major world currencies.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
Increased month-end demand for the US currency from importers put pressure on the rupee
There was fresh selling of the American currency by banks and exporters
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
The rupee appreciated further on Thursday, adding 106 paise to 66.01 against the dollar, after steps taken by new Reserve Bank of India Governor Raghuram Rajan to attract US currency inflows boosted market sentiment.
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Analysts worry that without more fundamental reforms, India will struggle to contain its record high current account deficit and hence support the rupee.
Banks and exporters preferred to reduce their dollar position in view of its weakness.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
The rupee depreciated further by 7 paise to 65.12.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
The rupee had gained by 50 paise or 0.75 per cent in two weeks.
The RBI fixed the reference rate for the dollar at 65.2525 and for the euro at 72.1954.
The domestic unit had recovered to 68.65 in early trade on Friday as against Thursday's closing of 68.72.
There's sustained demand for the American currency from importers and banks
The dollar gained against other currencies overseas.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.
RBI's status quo on rates disappoints economists.
In efforts to move towards a cashless society, the Reserve Bank on Wednesday said it will come out with a concept paper on promoting electronic payments, especially in smaller towns, by November-end.
Ending a four-day upmove, the rupee on Tuesday retreated four paise from its 11-month high levels to close at 58.63 against the dollar on fresh demand for the US currency from importers, amid some profit-booking in stocks.
The rupee strengthened by 13 paise to 61.67 against the US dollar at close.
Reacting to market specific developments, the domestic unit touched a low of 66.74 in intra-day trade before concluding at 66.65.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
Nifty continued to register successive new highs as it crossed the 9,200 mark on Friday
The rupee had last ended at 67.22 per dollar on March 16, 2016.
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Policymakers stepped in late Thursday to calm markets.
Month end dollar demand from oil importers has forced rupee to trade weak.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
After a day's respite, the rupee on Wednesday fell by 29 paise, its biggest single day fall in a week, to end at 56.73 today due to heavy dollar demand from importers amid renewed concerns over withdrawal of US monetary stimulus.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
Time to take profits and move to the sidelines in an euphoria, says Sonali Ranade
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
It was the RBI which destroyed our $-job economy. It is for the RBI to resurrect it by instituting news ways of managing the INR, says Sonali Ranade
A lot will depend on how the equity markets in the US play out in April-May this year. A correction there, long overdue, could change all the variables in the current equations, says Sonali Ranade
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