On Thursday morning, Indian rupee touched its three-week low against the dollar as well as against the other major currencies. This coupled with a more confused movement of foreign flows left the stock market with choppy trade and that continued throughout the day.

In the morning, the partially convertible rupee was at 45.35/36 per dollar which was the lowest that it had reached since December 20. Experts believe that there is nothing very different about the scene as all the other Asian currencies have also moved on the same line.

Then there is the weekly inflation data that shows that such movement can be witnessed in the future as well.

Meanwhile, value of the dollar continued to be steady against the Japanese yen, which is the continuation of its overnight gains. Positive economic data is the reason behind this performance.

It was also seen that the index for dollar against all the other major currencies continued to be higher and most Asian currencies were down when compared to the greenback.

While the Indian stock markets opened up positive in the morning, following the Asian markets they went down.