The positive momentum over the past nine sessions has seen the rupee gain 48 paise since January 2, when it was at 83.32 against the dollar.
Crude oil prices also surged by over 1 per cent, which weighed on the rupee. The local unit finally ended at its all-time low of 77.60, showing a loss of 16 paise over its previous close of 77.44.
On the domestic equity market front, the 30-share Sensex ended 1,491.06 points or 2.74 per cent lower at 52,842.75, while the broader NSE Nifty plunged 382.20 points or 2.35 per cent to 15,863.15.
Halting its three-day winning run, the rupee on Wednesday declined by 10 paise to close at 74.59 (provisional) against the US dollar.
The rupee surged 12 paise to 72.87 against the US dollar in opening trade on Monday following weakness in the greenback overseas and a positive trend in the domestic equities.
Fresh foreign fund inflows, easing crude prices supported the rupee and restricted the fall.
The rupee had surged 37 paise yesterday in its best single-day show this year to breach the psychological 64-level
Mumbai: The continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank of India, according to a survey."We believe that prolonged weakening of the
Mumbai: The rupee ruled firm for the third consecutive day and moved up 34 paise to 61.41 against the dollar today, the highest level in more than five weeks, on sales of the US currency
New Delhi: The rupee on Tuesday bounced back 21 paise, its biggest gain in more than two weeks, to close at 61.31 against the dollar after the RBI hiked a key interest rate to curb
New Delhi: Petrol prices may be cut by as much as Rs. 1-1.50 per litre next week on falling international oil rates and appreciating rupee but a one-time hike in diesel and possibly LPG rates
Mumbai, May 31: The rupee fell against the American currency for the fourth consecutive day today, slipping another 15 paise to 56.53 per dollar on month-end dollar demand from importers despite weakness of the US
Manila, May 4: Grappling with a sharp drop in rupee value and downgrade in sovereign rating outlook, India today blamed structural problems in Eurozone and volatile commodity prices for balance of payment (BoP) stress in
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