The rupee largely shrugged off the high volatility in stocks and rebounded sharply towards the fag-end trade following bout of dollar selling by exporters
The rupee has gained by 21 paise or 0.31 per cent in last two days
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
Sustained capital inflows supporting the rupee sentiment, a forex dealer said.
Kotak Bank was the top loser in the Sensex pack, falling around 3 per cent, followed by Axis Bank, Sun Pharma, HDFC Bank, Bajaj Finance and Asian Paints. On the other hand, ONGC, PowerGrid and IndusInd Bank were the gainers.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
Even the persistent rise in equity market failed to restrict the rupee's fall.
There was fresh selling of the American currency by banks and exporters
On Tuesday, the rupee had gained 10 paise to close at 66.52.
The rupee on Thursday surged by 22 paise to close at a fresh three-week high of 61.75 against the US currency.
However, dollar's rise against other currencies overseas capped the gains
The rupee gained 28 paise on Thursday to close at 62.50.
The dollar's weakness against some currencies overseas limited the rupee's fall.
Rupee ended weak against the dollar.
The Indian rupee was off to a bad start in the new year as it suffered the worst single-day drop in over two weeks today by falling 32 paise to end at 63.35 against the US dollar.
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
The rupee opened slightly higher by Rs 67.24 against Tuesday's closing level of Rs 67.26 per dollar.
The rupee had shed one paise to end at one-month low of 61.74 against the US dollar in Tuesday's trade.
Earlier, the rupee resumed slightly lower at 61.70 per dollar as against Tuesday's close of 61.69 at the Interbank Foreign Exchange market.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
Bajaj Finance was the top loser, tumbling 4.68 per cent, followed by Tech Mahindra, IndusInd Bank, ICICI Bank, SBI, Reliance Industries, Bharti Airtel and HCL Tech. NSE Nifty crashed 290.70 points or 2.43 per cent to 11,680.35.
Therupee staged a smart rebound from its low towards the fag-end trade on dollar selling as well as suspected intrusion by the Reserve Bank to end steady at 63.39.
The Indian currency has shrunk 2.92 per cent since Donald Trump's victory in the US presidential polls earlier this month.
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The dollar was firm against some global currencies.
It moved in a range of 66.9250 and 66.70 per dollar during the day
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In global markets, the dollar declined against key rivals in early trade as investors weighed the prospects for a continuation of monetary stimulus from the US Federal Reserve.
The rupee depreciated by 19 paise to trade at almost seven-month low of 61.94 against the US currency in early trade today at the Interbank Foreign Exchange on capital outflows amidst the dollar's gain against other currencies overseas.
Good foreign capital inflows failed to restrict the rupee's fall against the dollar
The rupee is seen weakening against dollar in current week.
A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove
Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. NSE Nifty climbed 326.50 points to end at 15,245.60.
Increased month-end demand for the US currency from importers put pressure on the rupee
The central bank had in July last year imposed curbs such as doubling of margin requirement and a ceiling on position limits on exchange-traded currency derivatives.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
A lower opening of the domestic equity market put pressure on the rupee.
The Indian rupee on Wednesday ended unchanged against the US dollar at 61.41 ahead of the outcome of US Federal Reserve's policy meeting.
Heavy offloading by foreign portfolio investors also weighed on the rupee
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Recovering from early losses, the rupee on Friday ended marginally higher at 64.81 against the US dollar.
