After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
The rupee recovered marginally at close against the dollar.
In forward market, premium for dollar declined in view of mild receivings from exporters.
A weakening dollar against other currencies overseas supported the rupee.
While company would hold on to prices for now, hike likely by end of 2013
Recovery in the equity market also boosted the rupee value against the dollar, a forex dealer said
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.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
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The rupee had last ended at 67.22 per dollar on March 16, 2016.
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.
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 rupee declined marginally by 3 paise to 66.03 per dollar on fresh demand for the US currency from banks and importers.
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The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
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.
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 domestic unit closed lower by 6 paise at 66.71.
The rupee continued to rule firm against the dollar for the second consecutive day.
SBI was the top gainer, soaring over 5 per cent, followed by Tata Steel, IndusInd Bank, Bajaj Finance, Bajaj Finserv and HCL Tech.
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
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.
Rupee was impacted by renewed dollar demand from banks and importers amid sharp falls in equity market
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.
The demand for the US currency from importers outweighed capital inflows and firm local equities.
The dollar gained against other currencies overseas.
The domestic benchmark indices - the S&P BSE Sensex and the National Stock Exchange Nifty50 - had lost close to 1.5 per cent in three days recently before gaining slightly. Notwithstanding weakness and volatility, the Nifty50 has managed to hold on to the 18,000 mark, while the Sensex has managed to stay above the 61,000 level. The performance of the stocks that comprise these front-line indices remains polarised.
Persistent fall in crude oil prices affected the market sentiment
The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.19 per cent at 95.48.
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
A weak dollar in overseas market boosted the rupee sentiment
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
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The dollar's weakness against some currencies overseas limited the rupee's fall.
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
A 10 per cent-plus movement of currency in a few weeks is definitely concerning for the companies.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
Women staged a semi-nude protest in Assam's largest city Guwahati against an eviction drive in Silsako Beel (lake) area on Friday, as excavators ravaged to the ground several houses to clear alleged encroached land of the wetland.
The rupee briefly touched 66.78 in late afternoon trade due to stray dollar buying by some banks.
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