The domestic currency ended at 79.44 as against 79.25 at the previous close
However, receding crude oil prices in the international market restricted the loss for the rupee, which posted its third straight session of decline
At the interbank foreign exchange, the rupee opened weak at 79.30 against the American dollar and slipped further to quote at 79.33, a decline of 7 paise over its last close
According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022
At the interbank foreign exchange market, the local currency opened weak at 79.20 and touched a high of 79.20 and a low of 79.32
The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion
At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise from the last close
The rupee settled at 79.18 per US dollar as against 79.30 per US dollar on Wednesday
Resuming its slide after a day's pause, the rupee declined 19 paise to close at 79.13 against the US dollar on Thursday
The rupee sprung back 39 paise its best single-day gain in over three months to close at 78.94 against the US currency on Wednesday after a sharp correction in crude oil
In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the US dollar
Rupee may sink to 82 against dollar in Q3, high trade deficits will be the norm now, says Nomura
Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront
The rupee depreciated 9 paise to 79.04 against the dollar in opening trade on Tuesday, weighed down by persistent foreign funds outflows
India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion
In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually risen against some other hard currencies
The rupee losses on Friday were, however, limited by dollar sales by exporters, who felt that the domestic unit may not fall much further, given the sharp depreciation seen this week
Dealers say magnitude of RBI interventions slowed down over past couple of days
In the previous session, the rupee had closed at its all-time low of 79.03 against the US dollar
The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility