At the interbank foreign exchange, the domestic unit opened at 83.23 and traded in a narrow range of 83.18 to 83.24 against the greenback. It finally settled at 83.22 (provisional), registering a gain of 6 paise from its previous close.
The rupee lost 34 paise in the past two sessions. It closed 15 paise lower at 83.28 against the dollar on Tuesday, a day after registering a decline of 19 paise.
The downward movement of the rupee was attributed to a strengthening dollar amid a record rise in
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.05 per cent to 106.28.
Brent crude futures, the global oil benchmark, were trading 0.87 per cent higher at USD 94.78 per barrel.
On the domestic equity market front, the BSE Sensex closed 173.22 points or 0.26 per cent higher at 66,118.69. The broader