The rupee on Tuesday recovered from its two-week low to end steady at 66.60 against the American currency, inching up by a paisa on the back of mild dollar selling.
Rupee ended weak against the dollar.
In overseas trade, the American currency traded lower against the yen and the euro in an Asian session as well as modest profit-taking after recent sharp gains
The rupee had recovered from its 29-month lows by rising 39 paise to close at 67.63 on Friday.
In the global market, the US dollar index, which tracks the greenback against a basket of six major rivals, was up by 0.33 per cent.
Enfield enjoys almost the entire 250-350 cc motorcycle market in country
The rupee recovered from initial losses against the US dollar and was quoted barely steady at 61.91 on selling of the American currency by banks and exporters on good foreign capital inflows.
Japanese auto giant Suzuki Motor Corporation on Tuesday said it plans to make India an export hub for its small cars, mainly for European and African markets.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
Dollar weakness was a major contributor to the rupee recovery as the skittish investors continued to lighten their long positions.
According to industry sources, Nissan will roll-out the latest generation Micra from the plant in May for the Indian market.
The US currency's decline against major world currencies alongside fag-end dollar supply largely helped the rupee recoup some of its initial losses
The rupee had lost 10 paise to close at 21-month low of 64.26 against the greenback in Tuesday's trade.
The first major consignment of 3,886 Micra cars left the Ennore Port for European markets on Tuesday, Nissan Motor India said.
India is increasingly becoming an attractive destination for global auto giants.
The rupee has lost 37 paise or 0.55 per cent in two days.
The rupee ended lower by 7 paise to 62.31 against the American currency on fresh dollar demand from banks.
The Chennai plant has been co-developed by Renault and Nissan at an investment of Rs 4,500 crore (Rs 45 billion) with an annual capacity of 400,000 units.
Healthy demand for the American unit from importers and corporate weighed on the rupee
Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas also supported the rupee, but a lower opening in the domestic equity market limited the rise.
Macro economic environment in India is expected to improve further and drive the BSE index, Sensex, to 33,500 by December-end.
India is the first country to launch the second generation Amaze and the car has been developed considering the needs and aspirations of Indian customers
The group also said that the company's operations in India - Hero Honda Motors - would establish its third plant in 2006.
During the day, Union Health Minister Harsh Vardhan held a meeting to review preparedness for COVID-19 management, through video conference with health ministers, chief secretaries of all states and UTs, central ministers and representatives from the related organisations and stressed on the need for keeping testing and quarantine facilities, isolation wards, and labs in active readiness.
Weakness of dollar in the overseas market also boosted the rupee value.
Daimler would introduce lightweight trucks from Mitsubishi Fuso stable in the Indian market by 2010 as part of its expansion strategy in the country's auto mart.
Customers can also book the Datsun redi-GO online through Snapdeal.com
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
The rupee ended weaker against the greenback on domestic worries.
The Indian unit opened sharply higher at 64.80 as against Wednesday's closing level of 65.12.
Brand Toyota may have taken some beating after the Japanese carmaker had to recall millions of vehiles in the US, but in India the company sees no impact and is eyeing a strong growth.
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
The company has entered into a brand licensing agreement with Global Brands Enterprise Solutions, a firm promoted by Chinese white goods player Haier's former India head Pranay Dhabhai.
The rupee on Tuesday weakened by 15 paise to close at 63.30 against the US currency
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
RIL has been ranked in the 11th position ahead of global biggies like Jacobs Engineering, World Fuel Services, ABB, Amazon.com and America Movil.
India has progressed further than China in financial liberalisation and its private sector-led model has fostered indigenous entrepreneurship, whereas China is still dominated by highly profitable state monopolies.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
