At the interbank forex market, the local unit opened at 79.76 against the greenback but later lost ground to touch the low mark of 80.00 against the American currency.
The rupee on Monday slipped past the 74-level against the US dollar to settle at 74.14 (provisional), down 27 paise tracking heavy selling in domestic equity market amid rising concerns over coronavirus-led economic slowdown.
The rupee appreciated by 9 paise to 71.05 against the US dollar in early trade on Monday, tracking gains in domestic equities and indication of a revival in trade talks between the US and China.
The rupee opened strong at 69.32 at the interbank forex market then gained further ground to touch 69.22 per dollar, displaying gains of 13 paise against the greenback. On Monday, the rupee had settled at 69.35 against the US dollar.
Forex traders said the domestic currency was under pressure and was trading in a narrow range after a media report surfaced that Viral Acharya has quit as RBI deputy governor.
Mumbai: The Sensex today closed 12 points down, logging its third straight weekly loss, as uncertainity over US Fed tapering its economic stimulus hit positive sentiment that helped the benchmark log gains initially. Late profit-booking
Mumabi: The rupee had settled just a paise lower at 63.38 against the dollar in Wednesday's trade.The rupee on Thursday zoomed by 158 paise to trade at over one-month high of 61.80 against the dollar
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