The rupee settled at 63.30 against the dollar on Wednesday, up 41 paise over the previous day's close. Traders said dollar selling by exporters and banks and the Reserve Bank revising the current account deficit at USD 56 billion in 2013-14, much lower than the quantum projected earlier, helped the domestic currency to strengthen.

They said, however, dollar's strength against other currencies overseas capped the rupee's gains. Meanwhile, the BSE benchmark Sensex soared by 260.18 points to 20,454.58, while National Stock Exchange's Nifty rose by 76.70 points, or 1.28 percent to 6,066.30 in morning trade.

(Agencies)

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