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A weak rupee makes imports costlier, including oil and other commodities.
The rupee continued to rule firm against the dollar for the second consecutive day.
Month end dollar demand from oil importers has forced rupee to trade weak.
The rupee snapped its two-day winning run against the dollar.
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
The domestic currency has gained 9 paise or 0.13 per cent in two days.
The dollar's weakness against some currencies overseas limited the rupee's fall.
The rupee slipped from its initial gains by 5 paise against the US currency to 67.89 in late morning deals on bouts of dollar demand from importers.
The rupee had dropped by 60 paise or 0.89 per cent in previous three trading days.
The domestic unit moved in a range of 64.14 and 63.99.
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Analysts worry that without more fundamental reforms, India will struggle to contain its record high current account deficit and hence support the rupee.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
Banks and exporters preferred to reduce their dollar position in view of its weakness.
The Rupee is seen recovering from its all-time lows against the dollar.
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
Nifty continued to register successive new highs as it crossed the 9,200 mark on Friday
Time to take profits and move to the sidelines in an euphoria, says Sonali Ranade
It was the RBI which destroyed our $-job economy. It is for the RBI to resurrect it by instituting news ways of managing the INR, says Sonali Ranade
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
Sharp fall in domestic stock market also affected the rupee sentiment.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
The rupee has lost 37 paise or 0.55 per cent in two days.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an HSBC report.
The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.
'India's sizeable foreign exchange reserves should serve as a buffer.'
The domestic currency has gained by four paise or 0.06 per cent in two days.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
Increased month-end demand for the US currency from importers put pressure on the rupee
The rupee depreciated further by 7 paise to 65.12.
Ending a four-day upmove, the rupee on Tuesday retreated four paise from its 11-month high levels to close at 58.63 against the dollar on fresh demand for the US currency from importers, amid some profit-booking in stocks.
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The rupee slumped to a record low of 65.56 on Thursday and is headed for a sixth straight session of decline.
Actual reduction in price will be more after taking into account local VAT.
RBI's status quo on rates disappoints economists.
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Policymakers stepped in late Thursday to calm markets.
The price of petrol has been hiked by Rs 1.39 per litre and that of diesel by Rs 1.04 a litre, in sync with firming international rates.
