The domestic unit ended 28 paise higher at 70 on Thursday amid robust foreign inflows and strong buying in domestic equities.
Elections, fiscal slippage, inflation bottoming and risk of oil prices picking up closer to $70 a barrel in May if Iran crude waiver expires remain key risks
The domestic unit rallied 21 paise to close at 70.28 on Wednesday on easing crude oil prices even as the greenback strengthened vis-a-vis other major currencies.
The domestic unit on Tuesday rebounded by 43 paise to close at 70.49, largely driven by positive macro data and easing crude prices.
The domestic unit on Friday lost 20 paise to close at 70.92, amid strengthening of the American currency and rising crude oil prices.
The rupee is already the worst performer this year in Asia ex-Japan amid the uncertainty surrounding the upcoming elections, where Prime Minister Narendra Modi is seen facing a tight contest
The domestic unit on Wednesday fell 17 paise to close at 71.24 amid a flare up of tensions between India and Pakistan.
On Tuesday, the domestic unit snapped its gains of previous two sessions and closed 10 paise lower at 71.07 amid fears of escalation in geopolitical tensions.
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According to news reports, Pakistan army spokesperson Major General Asif Ghafoor on Tuesday claimed that the Indian Air Force (IAF) had violated the Line of Control (LoC).
The domestic unit on Friday gained 10 paise to close at 71.14 on heavy foreign capital inflows.
The domestic unit ended 11 paise lower at 71.24 on Thursday as rising oil prices and a strengthening greenback weighed on the market sentiment.
The currency opened at 71.07, up 4 paise against the previous close of 71.11.
The domestic unit weakened by 11 paise to end at 71.34 against the greenback on Monday, amid firming crude oil prices and persistent foreign fund outflows.
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The domestic unit on Friday slipped by 7 paise to close at 71.23, pressured by heavy foreign capital outflows and firming oil prices.
In the previous session, the domestic unit settled 10 paise lower at 70.80 against the greenback amid rising crude prices and heavy foreign fund outflows.
While a rate cut typically lowers a currency's yield appeal, it bolsters foreign inflows into local shares, which helps strengthen the rupee
The domestic unit on Tuesday strengthened by 48 paise to close at one-month high of 70.70 against the dollar.
The domestic unit appreciated by 14 paise Friday to close at 71.31 against on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth.