The rupee settled with gains of 10 paise at 74.94 (provisional) against the US dollar on Wednesday monitoring optimistic home equities and weak American foreign money.
At the interbank foreign exchange market, the home unit opened robust at 74.93 against the US dollar, then shuffled between an intra-day excessive of 74.83 and a low of 74.95 against the US dollar.
The home unit lastly closed at 74.94 against the dollar, registering gains of 10 paise over its earlier close of 75.04 against the US dollar.
Forex merchants mentioned optimistic pattern within the fairness markets, weak American foreign money and sustained international fund inflows supported the rupee.
Meanwhile, the dollar index, which gauges the dollar’s energy against a basket of six currencies, fell 0.19 per cent to 93.20.
On the home fairness market entrance, the 30-share BSE benchmark Sensex was buying and selling 16.53 factors greater at 37,704.44 and broader NSE Nifty superior 3.85 factors to 11,099.10.
Foreign institutional buyers have been internet patrons within the capital market as they bought shares price Rs 703.74 crore on Tuesday, in accordance to provisional change information.
Brent crude futures, the worldwide oil benchmark, surged 1.01 per cent to USD 44.88 per barrel, after Lebanon explosion sparked fears of instability.