Indian markets ended lower with the Nifty slipping below 25,800 amid weak breadth and continued midcap underperformance. PSU banks and IT stocks gained, while metals reversed gains and realty stocks extended losses. Catch Nandita Khemka in conversation with Sandeep Bagla, CEO, TRUST Mutual Fund and Ashish Bahety, Technical and Derivative Research Analyst, ProfitMart Securities
The domestic unit finally settled at 83.51 (provisional) against the dollar, 1 paisa higher than its previous close.
At the interbank foreign exchange market, the local unit opened at 83.03 and touched the intraday high of 83.00 against the greenback.
The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session.
The rupee closed at 83.15 against the U.S. dollar, higher by 0.1% compared with its close at 83.23 in the previous session.
The rupee ended at 83.3675 against the US dollar, lower by 0.03% compared with its close at 83.3425 in the previous session.
At the interbank foreign exchange, the domestic unit opened at 82.38 against the dollar and finally ended the day at 82.60 (provisional), registering a fall of 38 paise from its previous close.
Indian rupee weakened marginally against US dollar tracking fall in Asian currencies market. The home currency ended at 82.12 a dollar, down 0.21 percent from its previous close of 81.94.
Markets now look ahead to domestic inflation data and the U.S. Federal Reserve meeting, both due next week, to gauge the currency's direction.
The rupee was down 0.5% to the dollar at 81.7500, a rank underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher.
Despite strong inflows and positive cues, market participants are doubtful about the rupee's likely trend for the rest of the year as a wide current account keeps the currency under pressure.
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.33 per cent to 106.33.
Recovery in domestic equities and stronger Asian currencies also supported the rupee.