Weakness of the USD in the overseas market also boosted the rupee value against the USD, forex dealers said. The rupee resumed lower at 64.03 against its last closing level of 63.92 at the Interbank Foreign Exchange and slid further to 64.05 on initial USD demand from banks and importers amid foreign capital outflows.

However, it recovered immediately to 63.78 on selling of USD by banks and exporters before concluding at 63.84 per USD, showing a gain of 8 paise, or 0.13 percent, from its last close. The rupee gained 24 paise, or 0.37 percent, in last two days. It moved in a range of 63.78 and 64.05 during the day. In the overseas market, the USD weakened against major currencies yesterday, adding to losses from Monday’s session, as uncertainty about a Fed rate hike lingered.

The USD index was trading lower by 0.15 percent against its major global rivals today. Meanwhile, the benchmark BSE Sensex ended higher by 359.25 points or 1.36 percent.

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