Forex dealers said besides increased selling of the American currency by exporters and banks, a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas supported the rupee.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
US interest rate normalisation policy is likely to keep global FX markets volatile.
'We are overweight on India, as it is one of the best in emerging markets (EMs)'
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
The central bank had revised its inflation forecast significantly downward in the last policy
India has always been a good bet in relative terms during crises/turbulent times in emerging markets (EMs).
The rupee's plunging to record level and a sharp fall in the equity market are knee-jerk investor reactions to the US Federal Reserve's saying the it will slow down bond-buying programme in view of improving American economy.
Conor McGregor said on Tuesday he was retiring from the sport, five months after losing to Khabib Nurmagomedov in a controversial title fight
Amid slowing growth and low interest rates, investors will need to focus on stock-picking, suggests John Remmert.
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
India is likely to attract increasing notice from global investors.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
RBI likely to cut rate early next year.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Former RBI Governor Subbarao blamed Chidambaram for undermining the autonomy of RBI and putting pressure on him to cut interest rates.
India Inc is borrowing from global firms as interest rates sky rocket in India.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
Increased demand for the dollar from importers put pressure on the rupee.
The dollar index eased 0.05 per cent to 98.69.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Drop in oil prices and the government's reform agenda has helped India to be out of the Fragile Five group
Aditya Birla Money MD talks about liquidity concerns in the market.
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash.
The Reserve Bank of India has no plans to cut the short-term repo rate for some time, a senior central bank official said on Thursday.
Christine Lagarde warned of a repeat of high market volatility.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
