The rupee had settled just paise lower at 63.38 against the dollar in on Wednesday's trade.

Traders said besides expectations of increased capital inflows, the dollar's weakness against other currencies overseas, after the US Federal Reserve surprised markets by leaving its massive bond-buying programme unchanged, boosted the rupee's sentiment.

Meanwhile, stock markets were up by nearly 3 percent in the opening trade.

The BSE benchmark index soared by 574.13 points, or 2.88 percent, to 20,536.29, while National Stock Exchange's Nifty rose by 183.65 points, or 3.11 percent to 6,083.10 in opening trade.


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