Forex dealers said besides selling of the American currency by exporters and banks, the tumbling of the dollar against euro and yen following a surprisingly dovish forecast for growth and interest rates by the US Federal Reserve, supported the rupee.
Further, a higher opening of the domestic equity market influenced the uptrend in the rupee, they added. The rupee had closed almost flat against the dollar on Wednesday.
Meanwhile, the benchmark BSE Sensex rose sharply by 246.16 points, or 0.86 percent, to 28,868.28 in early trade on Thursday.

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