A sustained rise in equity market also boosted the rupee sentiment.
The recovery in equities in the early session capped the rupee's fall.
Dealers attributed the rupee's fall to fresh demand for the US currency from importers
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
The domestic currency tumbled by 45 paise or 0.68 per cent in two days.
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
MNC required to bring in only 10% of issue value upfront during buyback; domestic currency lost 12% since offer was announced
Weak equity markets too hit rupee sentiment
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
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
The Rupee is seen strengthening against the dollar.
The dollar strengthened against major world currencies.
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
The rupee recovered marginally at close against the dollar.
While company would hold on to prices for now, hike likely by end of 2013
Fund houses are exploring ways to differentiate themselves in the hybrid space. A relatively unknown hybrid fund variant, Balanced Hybrid, is about to see its first launch since the introduction of mutual fund (MF) scheme categorisation norms in 2017. WhiteOak Capital MF has filed papers with the regulator for this scheme, which comes amid increasing interest in the hybrid space. MFs anticipate that hybrids will become the preferred category for investors with a lower risk appetite following changes in debt fund taxation.
In forward market, premium for dollar declined in view of mild receivings from exporters.
A weakening dollar against other currencies overseas supported the rupee.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
The rupee had shed four paise at 63.81 against the US dollar in Friday's trade on sustained demand.
Recovery in the equity market also boosted the rupee value against the dollar, a forex dealer said
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
The rupee had last ended at 67.22 per dollar on March 16, 2016.
The rupee declined marginally by 3 paise to 66.03 per dollar on fresh demand for the US currency from banks and importers.
The rupee resumed higher at 61.13 per dollar as against yesterday's closing level of 61.40 at the Interbank Foreign Exchange and strengthened further to 60.90 per dollar before ending at 61.05 per dollar, a gain of 35 paise or 0.57 per cent.
The reason for the stickiness in bond yields can be many, but the most responsible is the liquidity deficit stance taken by RBI, says Anup Roy.
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee sentiment
The domestic unit closed lower by 6 paise at 66.71.
'I have saved your name on my phone, but I cannot read or pronounce it.' 'I am able to recognise my wife's name today because after seeing it for so long, it has been imprinted in my mind as a picture and not the letters.'
Ministry of Corporate Affairs is now likely to examine whether all active companies have PAN or not
The rupee continued to rule firm against the dollar for the second consecutive day.
Fiscal pressure for the Indian economy is gradually rising, suggested analysts at Jefferies in a recent note, as oil prices (Brent) - which are close to the $100 a barrel mark - continue to climb ahead of a busy election calendar. They added that the sharp rally in the equity markets during the last few months has made valuations costly. As a result, Jefferies expects the Indian markets to remain choppy in the near term.
The demand for the US currency from importers outweighed capital inflows and firm local equities.
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
Falling for the fourth day in succession, the rupee today dipped by 23 paise to close at nearly three-week low of 59.38 against the dollar amidst the RBI announcing an SLR cut that is expected to release nearly Rs 40,000 crore into markets.
The dollar gained against other currencies overseas.
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
Rupee was impacted by renewed dollar demand from banks and importers amid sharp falls in equity market
