Recent appreciation due to US Federal Reserve's decision to keep interest rates unchanged
However, foreign capital inflows into the equity markets restricted the rupee's fall
However, dollar's weakness against other currencies capped the losses
On Friday the rupee appreciated to a one-month high and bond yields fell to an over three-month low
Benign food inflation, sufficient transmission of policy rates and spread of normal/excess monsoon over 64% of the country makes a case for the cut, says the reportBenign food inflation, sufficient tr
Indian currency ended at 65.67 compared with previous close of 66.46 per dollar
RBI is scheduled to come out with its fourth bi-monthly policy review for the fiscal on Sep 29
The local currency was largely supported by easing current account deficit worries
A higher opening in the domestic equity market supported the rupee
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Its senior economist expects yuan to fall to around 6.8 against US dollar by end of 2016 from current level of 6.37
Fresh foreign capital outflows affected the market sentiments
Foreign funds outflows amid a significant slump in the country's exports affected the rupee
The rupee hovered in a range of 66.33 and 66.48 during the day
Sustained bouts of dollar demand from banks and importers amid volatile equities affected the rupee
A weakness in the US dollar against major world currencies in the global market, however, limited the rupee fall
According to Bloomberg data the fall in reserves were $ 1.54 billion
Hopes of resumption in foreign capital inflows in view of sharp recovery in equity market boosted the currency
A higher opening in the domestic equity market and weakness of the dollar against other currencies supported the rupee