The rupee had settled for the day at 71.02 against the US dollar on Friday.
Sterling was the biggest mover overnight, jumping 2 per cent to a two-week high versus the dollar.
The rupee finally settled at 71.07, unchanged from its previous close.
Lack of cues on the domestic front kept volatility low for the currency.
The dollar weakened 0.3 per cent to 98.845, nearing a one-week low.
Forex traders said most of the Asian currencies gained against the US dollar on China's offer to buy extra US goods.
Outflow of foreign funds has also hampered the movement of rupee.
The local currency on Monday closed 14 paise down at 71.02 against the greenback.
The safe-haven Japanese yen edged higher, with the dollar buying 107.00 yen.
The Trump administration is moving ahead with discussions around possible restrictions on capital flows into China.
Forex traders said market sentiment remained fragile ahead of the US-China trade meeting.
The local currency on Friday settled almost flat at 70.88 per dollar.
The clincher is that confidence is fading in the ability of monetary policy to boost economies.
The Chinese yuan fell 0.3 per cent to 7.13 per dollar in offshore trade.
On a weekly basis, the local unit slumped by 32 paise.
There is an inverse relationship between bond prices and yield.
The local currency opened almost flat at 70.88 against the previous close of 70.90 per dollar.
The dollar index fell to 98.816, shedding about 0.9 per cent after hitting a 2-1/2-year high this week.
Rupee recovered from morning lows amid foreign fund inflows in primary market and lower dollar index.
The local currency on Tuesday dropped 20 paise to close at 71.07 against the US dollar.
Against a basket of currencies the dollar was flat at 99.022.
The euro fell 0.2% to $1.0915 but was above Tuesday's two-year low of $1.0879.
Against a basket of six major currencies, the greenback fell from a roughly 2.5-year peak hit earlier in the session to trade little changed on the day.
Forex traders said market sentiment remained fragile ahead of US-China trade meet on October 10.
Rupee closed 31 paise down at 70.87 against the greenback in the previous trading session.
The dollar index rose 0.17 per cent to 99.27.
The local currency on Friday advanced 32 paise to close at a nearly two-month high at 70.56 per dollar.
The greenback was steady against most major currencies.
Easing crude oil prices provided a fillip to the local currency that reversed losses in the mid-session.
The local currency advanced 16 paise to 70.88 against the US dollar on Thursday.
The euro fell 0.1 per cent lower to $1.0904, its lowest level since May 2017.
The domestic currency finally settled at 70.88 per dollar, higher by 16 paise over its previous close.
The currency has dropped 1.8 per cent against the dollar this year, and closed at 71.04 on Tuesday.
The local currency inched lower by 3 paise to close at 71.04 against the greenback on Wednesday.
The dollar index, which measures the greenback against a basket of currencies, was last down 0.1 per cent at 98.985.
Forex traders said a weak trend in domestic equities, political unrest in the US and unabated foreign fund outflows also weighed on the local unit.
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