- Tag results for rupee
In its straight third session of loss, the rupee dropped by 16 paise amid heavy selling in domestic equities.
Besides, the dollar's weakness against some other currencies amid lingering worries about a global slowdown, supported the rupee, forex dealers said.
The Indian currency experienced its second successive session of fall.
Forex dealers said the dollar's gains against some other currencies overseas too weighed on the rupee sentiment.
At the Interbank Foreign Exchange, the rupee opened on a weak note at 71.12, then fell further to 71.24 against the US dollar, showing a decline of 21 paise over it's previous closing.
The rupee opened on a weak note at 71.10 at the interbank forex market then lost further ground and touched a low of 71.12.
A weak US dollar along with weak industrial output growth data resulted in the rupee closing at 70.92 today.
In first five months of this fiscal year, the central bank has sold a whopping USD 34 billion as the rupee was on a roller-coaster, plumbing a low of 74 to the American unit.
On Wednesday, the rupee had risen by 5 paise to close at 70.41 against the US dollar.
At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.49, but soon appreciated to 70.32 against the greenback, up 14 paise over its previous closing price.
The rupee had closed at 70.21 against the US dollar on Tuesday amid renewed concerns over the widening of current account deficit.
At the Interbank Foreign Exchange (forex) Tuesday, the rupee opened on a sluggish note at 69.83.
The rupee opened weak at 69.83 at the interbank forex market against its previous close of 69.68 per dollar.
The rupee moved in range of 69.46 per dollar to 69.34 per dollar in early trade and was trading at 69.39, displaying strong gains of 33 paise against the greenback.
Brent crude, the global benchmark, was trading at USD 57.15 per barrel, higher by 2.14 per cent.