.jpg)
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.
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.
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.
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 rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
.jpg)
A weak rupee makes imports costlier, including oil and other commodities.
The rupee has lost 37 paise or 0.55 per cent in two days.
The Rupee is seen recovering from its all-time lows against the dollar.
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
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
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.
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 resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
The Rupee is seen strengthening against the dollar.
The dollar strengthened against major world currencies.
The domestic currency has gained by four paise or 0.06 per cent in two days.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
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.
Increased month-end demand for the US currency from importers put pressure on the rupee
.jpg)
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.
There was fresh selling of the American currency by banks and exporters
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 next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
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.
The dollar gained against other currencies overseas.
There's sustained demand for the American currency from importers and 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.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
