In the previous session, the domestic unit declined 13 paise to close at one-month low of 71.05.
On Monday, the currency plunged by 43 paise to close at nearly one-month low of 70.92 amid weak industrial output growth data, fall in domestic equity markets and sustained foreign fund outflows.
The domestic unit Friday weakened by 8 paise to close at 70.49 on rise in demand of American currency from exporters and surge in crude oil prices.
On Thursday, the domestic currency ended 5 paise higher at 70.41 on increased selling of the greenback by exporters amid easing crude oil prices.
A rebound in prices of oil, and concerns about an expensive bailout for farmers before general elections to be held by May has caused the rupee to miss out on a revival
On Wednesday, the domestic currency slipped 25 paise to close at 70.46 as continued rise in global crude oil prices weighed on sentiments.
The rupee's path this year will largely be determined by the results of national elections in May, oil price moves and the Reserve Bank of India's policy
On Tuesday, The domestic unit plunged by 53 paise to close at 70.21 against amid renewed concerns over widening of current account deficit (CAD) following constant rise in global crude oil prices.
On Monday, the domestic currency pared early gains but managed to end four paise higher at 69.68 following dovish stance by the Federal Reserve and rising hopes of a thaw in ongoing US-China trade tif
Oil has proved to be the biggest bugbear for Indian assets given the repercussions it carries for the nation's finances and inflation
The Tuesday's 112 paise ascent marked the best day for the rupee since September 19, 2013, when it had surged by 161 paise against the US dollar
The dollar weakened against some currencies overseas after US Federal Reserve Chairman Jerome Powell said that the central bank's benchmark interest rate is likely near a 'neutral level'
The rupee had rallied 77 paise to end at 70.69 against the US dollar on Thursday
The rupee has strengthened of late and gained more than 3% over the past seven sessions
The last time rupee breached the 72-level was on September 14, when it had closed at 71.84
The domestic currency has already crossed the 74 mark owing to continued strengthening of the dollar, lack of foreign flows and higher crude oil prices
Brent crude, the international benchmark, dropped 3.48 per cent to trade at a seven-month low of $72.65 per barrel
A stable crude oil prices, however, restricted the rupee fall to some extent, forex traders said
These Rs 280 billion worth of solar power capacities include 5,500 MW of projects bid out in the past nine months at very low tariffs of Rs 2.75 per unit or less
The rupee opened higher at 73.33 amid sharp gains in local stock markets