Forex traders said rising brent crude prices and foreign fund inflows weighed on the domestic currency, while weakening of the greenback vis-a-vis other currencies overseas and positive opening in domestic equities added support to the local unit and restricted the downfall.
At the interbank foreign exchange market, the local unit opened on a firm footing at 68.31, and shuttled between a high of 68.30 and a low of 68.48 during the day. The rupee finally closed at 68.44, down 14 paise over its previous close.
The rupee opened weak at 68.61 at the interbank forex market and slipped further to 68.67, showing a decline of 16 paise against its previous close.
The rupee opened weak at 68.55 at the interbank forex market and then fell further to 68.70, down 20 paise over its last close. It had settled at 68.50 against the US dollar on Thursday.
At the interbank foreign exchange, the domestic unit opened at 69.02. During the day, the domestic unit witnessed a high of 68.93 and a low of 69.07 against the US dollar.
At the Interbank Foreign Exchange, the rupee opened at 69.02 then fell to 69.05 against the US dollar, showing a decline of 11 paise over its previous closing.
At the interbank foreign exchange, the rupee opened on strong at 68.96, then gathered momentum and rose to a high of 68.86 against the US dollar, showing 17 paise gain over its previous closing.
The rupee appreciated by 15 paise to 68.92 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and easing crude oil prices.
Forex traders said, rupee is trading in a narrow range as market participants are trading the cautious path amid rising tensions between the US and Iran.
The Indian rupee on Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities.
The government and the Reserve Bank of India (RBI) are closely monitoring the rupee exchange rate against the dollar on an on-going basis
The rupee opened strong at 69.47 at the interbank forex market, but lost ground and touched 69.67 per dollar, displaying gains of just 1 paise against the greenback.
Foreign funds infused Rs 31.73 crore in the capital markets on a net basis Tuesday, provisional data showed.
The Indian rupee Monday fell by another 11 paise to close at 69.91 to the US currency, its third straight-session loss, in line with intense sell-offs in domestic equities amid concerns over Indo-US trade tariff disagreements.
At the interbank foreign exchange, the domestic unit opened almost flat at 69.70 against the dollar and then it strengthened by 5 paise to quote at 69.67 in early trade.
The rupee had appreciated 49 paise to 69.74 in the previous session and inched up 6 paise to 69.80 against US dollar in the second session
Besides, a positive start of the equity markets influenced the recovery of the rupee, they added.
The rupee rebounded by 52 paise to close at 70.72 against the US dollar on Thursday as investors wagered on de-escalation of tensions between India and Pakistan.
The Indian rupee on Monday firmed up by 17 paise to close at 70.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues.
The rupee on Friday weakened by 10 paise to close at 71.17 against the US dollar amid increasing demand for the greenback from exporters and heavy selling in domestic equities.
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