The Indian currency expanded its profits by 26 paise to 64.80 as compared to dollar during late morning trade following continued sessions of the U.S. currency selling by banking institutions and exporters amid feeble dollar out of the country.
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Weakness of dollars in the overseas market also boosted the rupee value against the American currency, a forex dealer said.
It hovered in the range of 64.7200 to 64.9250 per dollar during the day, before concluding the day at 64.74 per dollar, showing a gain of 32 paise or 0.49 per cent.
The dollar index, which measures the United States currency’s strength against major currencies, was trading at 95.95.275, down 0.04% from its previous close of 95.318.
The Fed minutes revealed the extent to which policymakers are concerned that a global economic slowdown might threaten the US economic outlook.
The rupee appreciated and breached above the 65 mark on Wednesday to end at 64.96 per dollar, a level last seen in August this year.
In the meantime, the benchmark BSE Sensex remained up by 329 points to trade at 27,174.61 at 1035 hrs.
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In Tokyo, the dollar was weaker against the yen in choppy Asia trade today, with a few speculative players disappointed to see the Bank of Japan’s decision to keep its monetary policy intact.
