Domestic equity markets opening with gains and dollar's weakness against other currencies overseas supported the rupee
The domestic currency has lost 24 paise or 0.36% in the last three trading sessions
Moreover, the US dollar's gain against other currencies overseas put pressure on the rupee, forex dealers said
The rupee has dropped by 21 paise or 0.32 per cent in the last two days
Currency depreciated to 66.79 against the US dollar on higher dollar demand from importers
The dollar was sharply lower against yen during Asian trade today hurt by profit-taking after greenback's recent strength
Dealers attributed the fall to a lower opening of the domestic equity market
Increased demand for the American currency from importers affected the value of the rupee
RBI fixed reference rate for dollar at 66.4379 and euro at 75.8056
Global macro data on US retail sales and consumer sentiment, along with inflation figure from China and Eurozone GDP numbers will also influence currency markets
In cross-currency trades, the rupee moved up further against the pound sterling to finish at 96.20 from 96.54 yesterday
Sustained demand for the dollar from importers affected the value of the rupee
Increased demand for the American currency from importers and banks affected the value of the rupee
Selling of the American currency by exporters amid foreign fund inflows helped the rupee
Fresh foreign capital outflows affected the rupee sentiment
Increased demand for the American currency from importers and banks affected the value of the rupee
Forex dealers said weakness in the dollar against a few currencies overseas gave some ammo to the rupee
Firm equity market boosted the rupee value against the dollar to some extent
Month-end demand for the US currency from importers affected the value of the rupee
Weakness of dollar in the overseas market as well as good foreign capital inflows restricted the rupee's loss