The rupee had ended 20 paise down at 67.83 against the US dollar on Monday
It expects investors to stay focused on the near-term trajectory and direction of markets this week
Increased selling of the US currency by banks and exporters helped the rupee
Banks need to develop loan risk assessment policy to sync with new accounting standard in two years
The domestic currency strengthened on fresh selling of dollars from banks and exporters
The rupee strengthened to 67.72
However, dollar's strength against other currencies overseas limited the gains
The domestic unit resumed higher at 67.88 per dollar
Weakness in the dollar against other emerging market currencies overseas, supported the rupee
For equity investors, there will be an additional requirement of a PAN card and a cancelled cheque
Once foreign insurance companies' fears over management control were allayed, they spent large sums of money to up their stakes
According to a forex dealer, persistent foreign capital outflows affected the market sentiment
The currency pulled back after touching 68 as state-run banks were seen selling dollars
Strong demand for the American unit from importers and banks affected the rupee
Fresh selling of the American currency by exporters and banks helped the rupee
The rupee dipped by 30 paise to fresh 28-month low at 67.59 on Friday due to fresh dollar demand from importers
Bouts of dollar demand from importers affected the rupee
Dollar's weakness against other currencies overseas supported rupee
Traders expect rupee to weaken further to around 67.50 in the near-term