Dollar outflows from FPIs, trade deficit probably widening with export growth slowing down, and the trade deal with US is still not on the table are the three main reasons why the rupee is falling
After the advisory, trading in the contracts -- used to hedge against foreign exchange risks and speculate on currency movements -- nosedived in India and rose overseas
On Monday, the rupee advanced amid reports that the RBI resumed efforts to support currency via overseas and onshore markets
Rupee sees sharp fall: The domestic currency fell as much as 83 paise to 89.54 on Friday, according to Bloomberg
Indian Rupee today: The domestic currency opened four paise lower at 88.63 against the greenback on Thursday
Indian Rupee today: The domestic currency closed two paise higher at 88.59 against the greenback on Wednesday, according to Bloomberg
Indian Rupee today: The domestic currency opened 4 paise higher at 88.57 against the greenback and rose to 88.53 in opening deals
Indian Rupee today: The domestic currency closed 3 paise higher at 88.61 against the greenback on Tuesday, according to Bloomberg
Indian Rupee today: The domestic currency opened 2 paise lower at 88.66 against the greenback on Tuesday
Indian Rupee today: The domestic currency closed 10 paise higher at 88.64 against the greenback on Monday
Indian Rupee today: The domestic currency opened 3 paise higher at 88.71 against the greenback on Monday
Indian Rupee today: The domestic currency closed 8 paise lower at 88.74 against the greenback on Friday
Indian Rupee today: The domestic currency opened 6 paise lower at 88.72 against the greenback on Friday
Indian Rupee today: The domestic currency closed 3 paise lower at 88.66 against the greenback on Thursday
Indian Rupee today: The domestic currency opened 2 paise lower at 88.65 against the greenback on Thursday
Indian Rupee today: The domestic currency closed 7 paise lower at 88.63 against the greenback on Wednesday
Indian Rupee today: The domestic currency opened 6 paise lower at 88.62 against the greenback on Wednesday
Indian Rupee today: The domestic currency closed 13 paise higher at 88.56 against the greenback on Tuesday
Indian Rupee today: The domestic currency opened one paise higher at 88.69 against the greenback on Tuesday
Indian Rupee today: The domestic currency opened flat at 88.66 against the greenback on Monday, according to Bloomberg