At the interbank foreign exchange, the local unit opened slightly strong at 83.59 against the American currency. During the session, it surged 12 paise to touch 83.51. However, the domestic currency gave up most of its gains to settle at 83.58, a rise of 5 paise against its previous close.
On Tuesday, the rupee fell 9 paise to close at 83.63 against the American currency. "This strength is likely supported by a weak dollar index and continued positive sentiment in Indian markets," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
On the domestic equity markets front, the Sensex climbed 255.83 points to settle at an all-time high of 85,169.87, while Nifty rallied 63.75 points to hit a record of 26,004.15.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
