The rupee resumed higher at 61.13 per dollar as against yesterday's closing level of 61.40 at the Interbank Foreign Exchange and strengthened further to 60.90 per dollar before ending at 61.05 per dollar, a gain of 35 paise or 0.57 per cent.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
Sebi is looking at further tightening the norms for P-Notes to address concerns raised by the Special Investigation Team on black money.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
The broader NSE Nifty gained 22 points to 10,480.60
The rupee ended the day stronger against the dollar.
Rupee logs longest winning streak since 2012; up 19 paise.
The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.19 per cent at 95.48.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
Unwinding of long dollar positions ahead of the US job data backed the rupee sentiment
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Earlier, the rupee resumed slightly lower at 61.70 per dollar as against Tuesday's close of 61.69 at the Interbank Foreign Exchange market.
The domestic currency tumbled by 45 paise or 0.68 per cent in two days.
The labour force fell from 43.97 crore in 2016-17 to 42.61 crore in 2017-18
The rupee declined marginally by 3 paise to 66.03 per dollar on fresh demand for the US currency from banks and importers.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
Lacklustre domestic equities alongside ongoing FCNR redemptions added pressure on the local currency
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
Fresh selling of dollars by banks and exporters on the back of good foreign capital inflows helped the rupee
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
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