This is its lowest level since August 30
The Indian unit opened sharply higher at 64.80 as against Wednesday's closing level of 65.12.
'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'
Persistent selling of the American currency by exporters and bank supported the rupee
The US dollar index was up by 0.16 per cent at 96.53.
The rupee resumed higher at 67.77 per dollar as against last Friday's closing level of 67.78.
A weak dollar in overseas market boosted the rupee sentiment
A weak dollar against major world currencies supported the domestic unit.
Lower dollar in the overseas market also boosted the rupee value
On Thursday, the rupee had gained 16 paise to 67.17.
The rupee plunged to nearly 33-month low of sub-52 level after losing a whopping 81 paise against the United States currency on sustained dollar demand amid weak trends in stock markets and deepening euro-debt crisis.
The report, however, said a sustained weakness in USD against the emerging market forex remains a key risk to this view.
Bouts of month-end dollar demand from banks and importers hit the rupee
The dollar's weakness against some currencies overseas supported the rupee.
Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
It is high time to manoeuvre the rupee more effectively and predictably, even as it has to be recognised that such tweaking of the rupee needs to be accompanied by reforms to the real sector and factor markets.
Monday's morning trade sees increased selling of USD by exporters.
The Indian benchmark S&P BSE Sensex today eased by 14.59 points, or 0.05 per cent after touching its all-time intra-day peak.
The rupee was at 61.09, breaching the previous low of 60.76 hit on June 26. It had closed at 60.225/235 on Friday.
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 had eased by 2 paise to close at fresh 2-month low of 62.78.
Rupee hits 2-month low, down 21 paise against dollar.
'Trading is about psychology; 75% of it is about keeping your emotions in check.'
The rupee extended gains for the fourth straight day against the US currency on Thursday.
The Rupee is seen strengthening against the dollar.
US dollar's gain against other currencies overseas gave the rupee the sinking feeling
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
Stock markets opening with losses too put pressure on the domestic unit.
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
The local currency had shed 2 paise to close at 63.44 on Tuesday.
Rupee logs longest winning streak since 2012; up 19 paise.
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
Continuing its range-bound movement for the fourth session, the rupee today closed up by two paise at 59.25 ahead of industrial output and retail inflation data.
A weak dollar sentiment across the board alongside unwinding of long positions by speculative traders ahead of key US macro data release largely supported the rupee
In the Sensex pack, IndusInd Bank was the top gainer, soaring around 8 per cent, followed by Bajaj Finance, Axis Bank, PowerGrid, ONGC, ICICI Bank, Sun Pharma and M&M.
This is the first time since June 27 that the domestic currency has fallen below the 60 level.
The US Fed kept its near-zero benchmark interest rate unchanged.
