The fall in crude oil prices in the international market and the weakening of the dollar abroad supported the Indian rupee.
A firm trend in the domestic equity markets boosted investor sentiment. The rupee on Wednesday gained 5 paise to close at 75.54 (provisional) in a limited session.
Besides, lower crude oil prices in the international market and a weakening dollar overseas also supported the local unit, forex dealers said.
At the interbank forex market, the rupee resumed at 75.56 per dollar from its previous close of 75.59 and traded in a range of 75.48 to 75.65 before closing at 75.54, registering a rise of 5 paise.
On the domestic equity market front, the BSE Sensex closed 611.55 points or 1.09% higher at 56,930.56, while the broader NSE Nifty ended 184.60 points or 1.1% higher at 16,955.45.
Global oil benchmark Brent crude futures fell 0.26% to $73.79 a barrel.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04% lower at 96.45.
Foreign institutional investors were net sellers in the capital markets on Tuesday as they sold shares worth ₹1,209.82 crore, exchange data showed.
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