At the interbank forex market, the local unit opened at 76.27 against the greenback and witnessed an intra-day high of 76.07 and a low of 76.46
Other European currencies such as Poland's zloty and Hungary's forint rebounded from record lows against the euro, both supported also by their central banks' sharp interest rate hikes on Tuesday.
The rupee advanced 22 paise to 76.78 against the US dollar in the opening trade on Wednesday, supported by the weakness in the American dollar and recovery in domestic equity markets.
By David Henry and Saikat Chatterjee
High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar
The euro fell on Friday below $1.10 for the first time in almost two years and hit a fresh seven-year low versus the Swiss franc as the war in Ukraine lowered expectations of European economic growth
At the interbank foreign exchange market, the rupee opened weak at 76.06 against the American dollar and fell further during the session as investors moved away from riskier assets
At the interbank foreign exchange market, the rupee opened at 75.78 against the American dollar but later dropped to a low of 75.86
Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
The rouble was down around 4% on the day, trading at 97.036 per dollar, a day after it collapsed to a record low of 120 per dollar
The rouble started the week in dramatic circumstance, plunging as much as 30% to a record 120 per dollar after Western countries and their allies slapped Russia with new sanctions
The Russian currency ruble tanked about 30 per cent against the US dollar on Monday after Western nations imposed stricter sanctions on Russia
The Russian currency dropped nearly 26% to 105.27 per dollar, down from about 84 per dollar late Friday
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.78 per cent higher at 97.37.
The rupee appreciated by 27 paise to close at 75.33 against the US dollar on Friday in line with regional currencies, following a retreat in crude oil prices and a rebound in domestic equities. At the interbank forex market, the local unit opened at 75.31 against the greenback and witnessed an intra-day high of 75.18 and a low of 75.46. The rupee finally ended at 75.33, registering a gain of 27 paise over its previous close. On Thursday, the rupee had tanked 99 paise to close at 75.60 against the US dollar, as riskier assets took a hit after Russia launched military operations against Ukraine. Meanwhile, European Union leaders are putting up a united front and have agreed on a second package of economic and financial sanctions against Russia. The dollar index, which measures the greenback's strength against a basket of six currencies, inched up 0.01 per cent to 97.14. Brent crude futures, the global oil benchmark, was trading 1.07 per cent higher at USD 100.14 per barrel. "Calmn
The euro was last at $1.1175, edging 0.15% lower against the dollar, having touched its lowest $1.1106 since May 2020 on Thursday
The euro was last at $1.1218, up 0.24%, having plunged to as low as $1.1106 on Thursday, its lowest since May 2020
Forex traders said markets will continue to remain volatile, and investors continued to keep a watch on the latest developments in eastern Europe.
The euro fell as much as 1.2% to $1.1164, the lowest level since Jan. 31
The Russian rouble weakened 2.70% versus the greenback at 81.13 after reaching 81.392 per dollar, giving back gains made on Tuesday.