Extending weakness for the fourth straight day, the rupee fell further 24 paise to 66.22 against the US dollar in early trade on sustained month-end demand for the American currency overseas amid foreign fund outflows.
Continuing its slide for the third straight day, the rupee depreciated by another 19 paise to trade at 66.07 against the dollar in early trade today on foreign funds outflows amid a lower opening in the domestic equity market.
The rupee edged higher by 17 paise to 65.56 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange market on increased selling of the American unit by exporters amid fresh foreign funds inflows.
Continuing strong recovery, the rupee re-entered the psychologically important 65 zone against the US dollar to its highest level in three weeks amid heavy selling of the American currency by foreign banks as worries over US interest rates hike abated.
The rupee strengthened by 14 paise to close at 66.41 against the US dollar Wednesday on persistent selling pressure from banks and exporters amid hopes of resumption of foreign capital inflows in equity markets.
In line with equity markets, the rupee recovered by 27 paise to close at 66.55 against the US dollar on fresh selling of the American currency by banks and exporters amidst a weak greenback in overseas markets.
Continuing to fall for the second consecutive day, the rupee declined by 22 paise to settle at 66.46 against the US dollar on persistent demand for the American currency from banks and importers amidst foreign capital outflows.
Expressing concern over weakening of the rupee against the US dollar, Minister of State for Finance Jayant Sinha on Thursday said the Reserve Bank is vigilant to keep the Indian currency globally competitive.