The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.
The domestic unit moved in a range of 64.14 and 63.99.
The rupee had ended 5 paise lower at 67.49 on Monday.
The rupee recovered by 15 paise at 65.49 against the US dollar.
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
The domestic currency has gained by four paise or 0.06 per cent in two days.
Most Asian currency and equity markets too suffered steep losses due to US rate hike fears.
The BJP lost 15 of the 80 Lok Sabha seats in 2019. Union ministers have been deployed in all 15, tasked with turning the result around.
The rupee has dropped by 21 paise or 0.32 per cent in the last two sessions.
The rupee had depreciated by 13 paise to end at 67.20.
On Monday, the rupee had lost 14 paise to close at 66.62 against the US dollar.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
Sharp fall in domestic stock market also affected the rupee sentiment.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
The Indian rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas.
Savita Kanswal, 26, was posthumously awarded the highest adventure award at Rashtrapati Bhavan this month. She died heroically, as she had lived, doing what no woman had done before her.
The RBI fixed the reference rate for the dollar at 64.1505 and for the euro at 72.2720.
HCL Tech led the Sensex gainers' chart, spurting 3.58 per cent, followed by UltraCement, Nestle India, Tata Steel, Kotak Bank, ICICI Bank, Bharti Airtel and HDFC twins. In contrast, ITC, Maruti, NTPC, Asian Paints and Sun Pharma were among the main laggards, shedding up to 1.51 per cent.
The rupee fell back against the pound to 98.72 from overnight close of 98.48 and turned negative to end at 77.44 per euro from Rs 77.37.
The US dollar jumped in overseas market on Wednesday.
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
Rupee gained on increased selling of the US currency by banks and exporters
'I don't think we have ever seen such alignment of everything that we need in the banking sector.'
Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
The rupee on Tuesday gained 29 paise to close at seven-month high of 60.48 against the dollar on sustained selling of the US currency by exporters and banks.
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
The rupee strengthened by 14 paise to close at 66.41 against the US dollar on Wednesday.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
Or Iran may face the risk of losing its biggest client
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.
In the new year be careful online as there are many scamsters lurking in the cloud, warns A Ganesh Nadar after twice escaping being scammed.
The US dollar turned expensive against a basket of global currencies which hit the rupee sentiment
Monday's morning trade sees increased selling of USD by exporters.
The local currency dropped to 61.75 before concluding at 61.70, a loss of seven paise from its previous close.
He attacked the dispensation over issues such as the state of the economy, the situation in Kashmir, the National Register of Citizens in Assam and action by probe agencies against opposition leaders.
The dollar index was up by a whopping 0.45 per cent against basket of six major global rivals, which also pushed the rupee to log its biggest daily loss since September 15.
While the country is gripped by Ram Mandir frenzy, Danish Husain -- without shouting from the rooftops -- silently staged his opinion with this play on one of India's best-known poets, observes Neeta Kolhatkar.
rediffGURU Ulhas Joshi answers your mutual fund queries.
The rupee dropped on renewed demand for the American currency.
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