The currency has lost 95 paise or 1.44% in three trading days
Gains in the dollar against major global currencies following surge in US jobs last month put pressure on the Indian unit
Besides, sustained foreign capital outflows kept pressure on the rupee, forex dealers said
Sharp fall in equity markets affected the value of the currency
Fresh demand for the American currency from importers affected the rupee
The currency had dropped 37 paise or 0.57% in the previous two days
The currency hovered in the range of 65.52 to 65.62 per dollar during the morning deals
Domestic equity markets opening with gains supported the rupee
Fresh selling of the American currency by exporters and banks helped the rupee
Early losses in domestic equities weighed on the rupee
There is no denying the fact that whatever little penetration and financial inclusion the country has is on account of PSU banks
Foreign currency assets fell by $1.93 bn to $328.04 bn
IRDAI has allowed banks to sell the products of more than one insurance company; its decision to hold banks responsible for misselling could act as a dampener
The rupee had recovered by 4 paise to close at 64.93 per dollar yesterday at the Interbank Foreign Exchange market
Fed decision stokes fears of foreign fund outflows from domestic markets
Brokering houses have moved on from conventional broking and are concentrating on other financial services to boost growth
Valuation discount versus HDFC Bank could come down
Clarification comes amid confusion about whether withholding tax applies to offshore debt
Banks, exporters sell dollars on the back of a weak greenback in overseas markets
A lower opening in the domestic equity markets kept pressure on the rupee