New Delhi, September 10 (HS): The Indian rupee ended Wednesday’s session on a stronger note, buoyed by fresh inflows from foreign institutional investors into domestic equities and renewed optimism over a potential trade deal with the United States. While the currency gained only marginally against the US dollar, it delivered a robust performance against other major global peers including the euro and the British pound.

The rupee settled at a provisional level of 88.10 per dollar, appreciating by 2 paise from Tuesday’s close of 88.12. The day’s trade opened slightly weaker at 88.13, slipping further to a low of 88.19 in early deals. However, strong equity market inflows supported the currency, leading to an inflow of dollars in the forex market. This helped the rupee recover by as much as 13 paise from its intraday low, briefly trading at 88.06 before closing with a mild 2 paise gain.

Beyond its performance against the dollar, the rupee registered sharp appreciation against major international currencies. It strengthened by 41.52 paise against the British pound to close at 119.30, while surging 49.19 paise versus the euro to settle at 103.19 (both provisional).

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Hindusthan Samachar / Jun Sarkar