RBI fixed the reference rate for the dollar at 66.1800 and for the euro at 70.4354
Forex market was hampered by lack of key triggers amid general wariness ahead of FOMC meet next week
Technical charts suggest currency might strengthen
Slump comes on the back of fresh demand for the American currency from banks and importers
Fresh bouts of dollar selling amid upbeat sentiment post GDP data release contributed to it
In cross-currency trade, rupee rose sharply against British pound to finish at 82.78 from 83.26
Gains were on the back of fresh dollar selling by banks and exporters
Robust dollar inflows into equities, easing Fed rate hike speculation kept forex market sentiment buoyant
Currency managed to sidestep the early volatility after the MPC maintained a status quo on repo rate
Heavy unwinding of long dollar positions built ahead of FOMC meet predominantly gave the rupee a boost
A higher opening in the domestic equity market influenced the rupee uptrend
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
Meanwhile, the benchmark BSE Sensex fell by 54.57 points
The rupee is forecast to weaken to 68.50 a dollar in one month versus 67.73
This is the biggest single day gain in one month
Despite a stellar opening rally, the home currency succumbed to fag-end dollar pressure
The domestic currency resumed on a weak note at 67.95 from last Friday's closing level of 67.92
Meanwhile, the RBI on Friday fixed the reference rate for the dollar at 67.9117
Dollar bounced back toward its 14-year high against a basket of major currencies
The US central bank is widely expected to bring in the first rate hike since December 2015