Fresh selling of the US currency by banks and exporters amid foreign fund inflows helped the rupee
The dollar firmed up against some global currencies, which weighed on the domestic currency
The domestic currency has gained by 68 paise or one per cent in four trading days
Increased selling of the US currency by banks and exporters helped the value of the rupee
The devaluation was effected to to counter a sharp drawdown in forex reserves; to boost investor confidence, and to improve competitiveness
Fresh inflows by foreign funds and a higher opening in domestic stocks gave the uptrend a leg to stand on
The US dollar was weak against the major world currencies in overseas markets which also strengthened the rupee sentiment
Dealers said weakness of the dollar against other currencies overseas gave the rupee more muscle
Increased selling of the US currency by banks and exporters helped the value of the rupee
Market has confidence in Reserve Bank of India intervention beyond this, say observers
Well-timed communication by the central bank also helped the rupee correct its course
Increased selling of the American currency by bankers and exporters affected the value of the rupee
Sustained demand for the American currency from importers and banks affected the value of the rupee
The looming expiration of an emergency liquidity measure introduced during India's 2013 currency crisis comes at a risky time for the rupee
The domestic currency appreciated on fresh selling of dollar by exporters
The dollar was firm against some global currencies which also weighed on the rupee, dealers said
Dealers attributed the rupee's fall to increased demand for the dollar
Sustained selling of the American currency by banks and exporters helped the rupee
$20 bn of FCNR (B) deposits that banks had raised in 2013 will come up for maturity in September
Weakness in dollar in the overseas market boosted the rupee value