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The US dollar is on track for its eighth consecutive week of gains against a basket of major currencies, marking its strongest performance since the winter of 2014-2015. According to CNN, it has surged by 5% since mid-July.
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At the interbank foreign exchange, the domestic unit opened at 83.13, registering a rise of 10 paise over its last close.
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The rupee depreciated for the fourth straight day to settle 10 paise lower at its lifetime low of 83.23 against the US dollar on Thursday
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The rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices
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Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months.
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Forex traders said the rupee is trading lower on strong dollar and sustained foreign fund outflows over the past few days.
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Positive sentiment in the equity markets failed to provide support to the Indian currency facing pressure due to the elevated level of greenback
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On the domestic equity market front, the BSE Sensex closed 555.75 points or 0.86 per cent higher at 65,387.16 points while the broader Nifty jumped by 181.50 points or 0.94 per cent to end at 19,435.30 points.
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According to Jateen Trivedi, VP Research Analyst at LKP Securities, the capital market experienced profit booking, particularly in the financial sector, which had an impact on the rupee's performance.
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The rupee traded in a narrow range and appreciated by 1 paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market
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Rising crude oil prices and strengthening dollar, however, weighed on the Indian currency, according to forex traders.
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The rupee appreciated by 2 paise to 82.61 against the US dollar in early trade on Tuesday amid a weak American currency against major rivals
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The rupee was trading in a narrow range and appreciated by 12 paise to 82.52 against the US dollar in early trade on Monday, tracking positive Asian peers and domestic equities
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An upward movement in crude prices also weighed on the domestic currency even as the inflow of foreign funds capped the fall, forex traders said
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Rupee recovered from its all-time low levels and settled for the day higher by 19 paise at 82.94 (provisional) against the US dollar
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Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 1,901.10 crore, according to exchange data.
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At the interbank foreign exchange market, the local unit opened at 83.10 against the US dollar and moved in a range of 83.05 to 83.16 in the day trade.
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At the interbank foreign exchange, the domestic unit opened at 83.03, then touched a high of 83.02 against the American currency, registering a rise of 7 paise over its last close.
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At the interbank foreign exchange, the domestic unit opened at 83.10, then touched a high of 82.99 against the American currency, registering a rise of 9 paise over its last close.
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The rupee depreciated 29 paise to settle at an all-time low of 83.11 (provisional) against the US dollar on Monday