Stock markets ended negatively with investors adopting cautious stance after appointment of Urjit Patel, who is unlikely to cut rates
Dollar firmed up against some global currencies on US interest rate hike hopes
The benchmark 10-year bond yield rose 4 basis points to 7.14%, while the rupee fell to a near one-month low of 67.17/67.18 to the dollar
Weak equity markets also hit rupee sentiment
Oil prices eased slightly in Asia today amid reports OPEC kingpin Saudi Arabia would further raise output in August
The domestic currency had dropped by 17 paise or 0.26% in previous two sessions
The rupee on Thursday lost 13 paise to close at 66.85 against the dollar, on fresh demand for the US currency from banks and exporters.
Meanwhile, the RBI fixed the reference rate for the dollar at 66.7442 and euro at 74.3797
The domestic currency had gained by 62 paise or 0.92% in previous six trading days
The domestic unit hovered in a range of 66.79 and 66.70 in the morning deals
Some dollar selling by banks and exporters on hopes of more foreign capital flows boosted the rupee value
The domestic currency has gained 61 paise or 0.91% since Junly 26
Favourable outcome from Fed meet, positive June quarter earnings and push for GST reforms lifted domestic equity market
The domestic currency gained 21 paise or 0.31% in last two days
Indian rupee has been trading in and around 67 a dollar level in the last 10 trading sessions
The concept of REER is used to gauge a currency's strength vis-a-vis its trading partners or export competitors after adjusting for inflation, expressed as an index
The dollar index was trading lower by 0.12% against a basket of six currencies in the late afternoon trade
The rupee opened higher at 67.10 as against Tuesday's closing level of 67.18 at the Forex market
Scattered demand for the American currency from importers helped the value of the rupee
Rupee had last ended at 67.08 a dollar on June 17