Rupee falls: At the interbank foreign exchange market, the local currency opened at 79.60 and moved in a range of 79.60 to 79.71 during the day. It finally ended at 79.64 against the greenback, down 19 paise over its previous close.
The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday.
The rupee opened weak at 79.50 per dollar at the interbank foreign exchange market.
RBI rate hike: The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- is meeting to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
The rupee on Wednesday had slumped by 62 paise to close at 79.15, marking its worst single-day fall in the current fiscal year.
Replying to supplementaries, Sitharaman said interventions that are happening from the RBI side are more for containing volatility that is happening between the Indian rupee and the US dollar and so on.
On the domestic equity market front, the BSE Sensex ended 20.86 points or 0.04 percent higher at 58,136.36, while the broader NSE Nifty advanced 5.40 points or 0.03 percent to 17,345.45.
The 30-share Sensex was trading 594.25 points or 1.05 per cent higher at 57,452.04, while the broader NSE Nifty rose 182.85 points or 1.08 per cent to 17,112.45.
Foreign institutional investors (FIIs) were net sellers in the capital market on Friday as they sold shares worth Rs 675.45 crore, as per exchange data.
Rupee, on Wednesday, for the first time settled below the 80-level against the US currency due to strong dollar demand from importers and fiscal slippage concerns.
Rupee opened lower at 80.00 against the greenback at the interbank forex market and fell further to an intra-day low of 80.05.
Rupee, on Monday, for the first time declined to the low level of 80 against the US dollar in intra-day spot trading before ending the session 16 paise lower at 79.98.
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.
India is 85 per cent dependent on foreign oil to meet its needs for fuels, such as petrol, diesel and jet fuel.
Rupee nears 80 per Dollar: The rupee finally settled at the day's lowest level of 79.9975 to a dollar, down by 18 paise over the previous close of 79.81.
At the interbank forex market, the local unit opened weak at 79.30 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.49.
At the interbank forex market, the local unit opened at 79.04 against the greenback and witnessed an intra-day high of 79.02 and a low of 79.38.
At the interbank foreign exchange market, the rupee opened lower at 78.86 against the greenback and finally settled at 79.03, down 18 paise over its previous close.
The rupee is expected to trade on a negative note on risk aversion in domestic markets and continued selling pressure from foreign institutional investors (FIIs).
At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close.
Top News
Latest News
