The Indian Rupee was trading higher against the greenback on Wednesday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. However, the day’s gain was restricted by weakness in equity market as caution prevailed ahead of the release of the consumer price inflation and industrial production data due today.
At the Interbank Foreign Exchange Market, the local currency was up by 06 paise to trade at 64.65 per dollar against a previous close of 64.71 per dollar at 12:35 hours. In the day’s trade so far, the Rupee touched an intra-day high of 64.62 after making a positive opening at 64.64. Meanwhile, the 30-share barometer SENSEX was trading at 31737.63, down by 9.46 points or by 0.03 per cent, while the NSE Nifty was at 9790.35, up by 4.3 points or by 0.04 per cent.