As news of explosions came in, the rupee initially plunged by over ten paise to Rs 45.97/99 from opening levels of Rs 45.8450/8600
The rupee appreciated 7 paise to 79.74 against the US dollar in early trade on Thursday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee's gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.72 against the American dollar, then went lower to trade at 79.74 against the greenback in early deals, registering a gain of 7 paise over the last close.
The rupee hit a new 44-month closing high against the US currency at Rs 44.7450/7550 per dollar on Wednesday due to sustained heavy foreign investment inflows.
The dollar's strength against other currencies overseas limited the rupee's gain.
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Demand for the dollar from importers weighed on the local currency.
In New York, the dollar fell against other major currencies on Monday after a December reading on the US services sector came in below market expectations.
The rupee had last ended at better levels at Rs 45.7800/7850 per dollar on September 15, 2000.
Meanwhile, the rupee opened at Rs 46.11/12 per dollar and was quoted at Rs 46.1125/1225 in late morning deals, it changed little from overnight close of Rs 46.1150/1250.\n\n\n\n
The rupee on Monday tumbled against the US currency on a fresh wave of all-round dollar short-covering by banks, corporates and importers in the fairly active trade at the Interbank foreign exchange market.
The industrial production grew by two per cent in September, mainly on account of better performance by power and mining sectors.
In the global market, dollar fell against most of its rivals on Monday.
Overseas, the US dollar hovered near a three-week low.
On Tuesday, the rupee lost 9 paise to close at 66.67 against the US dollar.
The rupee hovered in a range of 63.75 and 63.84.
The rupee rallied smartly against the US currency and scaled a new 27-1/2-month closing peak of Rs 46.5350/5450 per dollar on Thursday.
The rupee resumed lower at 64.20 per dollar.
On Friday, the rupee had lost 6 paise.
Snapping its two-day losing streak, the rupee on Monday bounced back by 9 paise to 66.67 against the US dollar.
on Monday, the rupee ended lower by 4 paise.
The domestic unit hovered in a range of 66.45 and 66.61 per dollar during the day.
Banks and exporters preferred to reduce their dollar position on hopes of further capital inflows as foreign portfolio investors infused $107.22 million yesterday as per the record of Securities and Exchange Board of India.
The rupee had gained 16 paise to close at over one-month high of 62.16 on Monday against the American currency on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets.
Weakness of dollar in the overseas market also boosted the rupee value, a forex dealer said.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
The domestic currency had lost 44 paise in the previous two days.
The benchmark Sensex conquered yet another milestone of 28,000 for the first time briefly before concluding at a new closing peak of 27,915.88, a rise of 55.50 points of 0.20 per cent.
The rupee had lost 11 paise to close at 66.44 against the dollar.
The Indian currency has shrunk 2.92 per cent since Donald Trump's victory in the US presidential polls earlier this month.
The dollar index was trading lower by 0.03 per cent against its major global rivals today.
Weakness in euro against the dollar weighed on the rupee.
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.
Increased selling of the US dollar by exporters supported the rupee.
The local currency had gained five paise to close at 66.35 in Monday's trade.
The dollar firmed up against some global currencies.
On Tuesday, the rupee closed lower by 13 paise at 67.27.
The rupee on Friday bounced back 32 paise to close at 64.74 against the American currency on fresh selling of dollar.
The domestic unit closed lower by 6 paise at 66.71.
The local currency had gained 10 paise to close at 63.51.
The dollar was firm against some global currencies which also weighed on the rupee.
The Rupee is likely to recover during day trad, say currency watchers.
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