The rupee settled at 61.71. In straight three sessions, the currency has shot up 51 paise or by 0.82 per cent.
The Indian rupee was down by 44 paise at a fresh two-year low of Rs 48.25 per United States dollar in early trade on Tuesday on persistent demand for the American currency from banks and importers on the back of dollar firmness in overseas market.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
The survey, commissioned by HSBC last year, covered 16,000 people.
The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar.
There's sustained demand for the American currency from importers and banks
Unwinding of long-dollar positions by speculative traders and the currency's strong underlying fundamentals buoyed the home unit
It has gained by 23 paise or 0.36 per cent in two days
The rupee closed almost flat at 65.76 against the US dollar on some demand for the American currency from banks.
Khan, the chairman of Pakistan Tehreek-i-Insaf submitted the documents containing details of alleged bank accounts held by the Sharif family and loan write-off schemes.
The rupee has gained by 21 paise or 0.31 per cent in last two days
Forex dealers said besides capital inflows, selling of the US currency supported the rupee but a lower opening in the domestic equity market and dollar's strength against other currencies overseas capped the gains.
The two new markets are overwhelmingly dominated by US ride-hailing giant Uber, which has been able to edge out local start-ups
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
The rupee had closed with a gain of 12 paise on Friday.
Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar
A fresh demand for the US currency from importers weighed on rupee.
The cards should be issued strictly for use in India and transactions settled in Indian rupee.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
High-networth individuals and domestic funds from India are eyeing a slice of the much-touted mega IPO of Chinese e-commerce giant Alibaba, which looking to raise an eye-popping $21.1 billion.
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Persistent foreign capital inflows also boosted sentiment.
Indian companies have made acquisitions of $1 billion so far in January
A weak dollar in overseas markets also strengthened the rupee sentiment
Traders expect the rupee to remain wedged between the 59.60 and 60.50 levels in the absence of any key triggers in the near-term.
The rupee depreciated 20 paise to close at 63.84 in Monday's trade.
Russia has been grappling with sanctions slapped by the US and its allies over Moscow's invasion of Crimea.
The central bank operationalised these special windows on September 4 to prop the rupee which had fallen close to 30 per cent between April and August.
The rupee had plunged by 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback on Monday following demand for the US currency from importers.
The move takes the process of extraditing and bringing back Nirav Modi to face the law in India to the next stage, the sources said.
The rupee resumed marginally lower at 67.24 per dollar against Wednesday's closing level of 67.21.
Sahara also sought permission to sell its properties in Bangalore.
English football clubs splurged on the final day of the transfer window, laying out 210 million pounds to take total gross spending to a record-high 1.4 billion pounds as the Premier League again flexed its unrivalled financial muscles.
Bouts of month-end dollar demand from banks and importers hit the rupee
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
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