The Indian Rupee was trading higher greenback on Wednesday due to weak dollar demand by exporters and banks as well as sustained fund inflows. At the Interbank Foreign Exchange Market, the local currency was trading 15 paise higher at 63.99 per dollar against a previous close of 64.14 per dollar (at 13:55 hours).
During the day’s trade so far, the rupee touched an intra-day high of 63.85 after opening at 64.14. Adding to it, bullish trend in the domestic equity market also gave a boost to sentiment at local forex market. The 30-share benchmark index was trading at 34975.97, up by 204.92 points or by 0.59 per cent, and the NSE Nifty was at 10756.45, up by 56 points or by 0.52 per cent.