Forex dealers said softening crude oil prices supported the rupee's upward movement
Fresh dollar selling by exporters amid easing crude oil prices and higher opening in the domestic equity markets aided rupee
Dealers said the Reserve Bank of India's steps to ease liquidity concerns of NBFCs also helped the domestic currency
A spurt in dollar demand from importers amid sustained foreign fund outflows also weighed on the rupee
Forex dealers said weakness in the dollar against some currencies overseas and a higher opening of domestic equity markets gave some support to the rupee
foreign fund inflows and greenback weakening against other currencies were the other factors that provided support to rupee
At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92
PM Modi also said even after a decade, oil and gas would be driving forces of the energy market
The rupee recovered strongly on Friday, with oil, the US treasury rates all retreating from their highs
Forex dealers said bullish trend in the equity market as well as easing crude oil prices also supported the rupee's upward movement
Forex dealers said a higher opening in the equity market also supported the rupee's sentiment
Softening crude oil prices and the greenback weakening against other currencies provided support to the home unit, brokers said
World Bank official said it is a bit early to say how it will have an impact on India's economy.
Reserve Bank of India recently surprised by keeping its policy unchanged and said it was not targeting any currency level
Analysts see muted July-September profits for Nifty companies
India is seeking to boost flows to support its currency that has declined more than 14 per cent against the dollar this year making it Asia's worst performer
The RBI has for long maintained that it steps in only to curb undue volatility and doesn't target any currency level
The rupee Tuesday hit a new record low of 74.27 against the US dollar in afternoon trade
Brent crude breached the $84 a barrel-mark again and the American currency strengthened overseas
Indian companies went on a borrowing spree abroad in the past few years, when the local currency was stronger