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Snapping its two-day downtrend, the rupee on Wednesday managed to cross over to positive territory by ending at 64.37, up a marginal one paise in cautious trade, on a day domestic equity markets scripted history. Besides, weak US dollar overseas along with abundant capital inflows into domestic equities largely supplemented strength to the local currency.
The home currency resumed lower at 64.43 compared to Tuesday’s closing of 64.38. It weakened further to hit an intra-day low of 64.45 in late morning deals. However, it staged a smart recovery towards the fag-end trade to touch a fresh high of 64.35 before settling at 64.37, showing a gain of one paise.
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