The BSE Sensex rose 47 points to close at 18,226 after being as high as 18,261 and as low as 18,159. The NSE Nifty gained 15 points to finish at 5,477 after touching a high of 5,486 and a low of 5,454
The rupee climbed today against the US dollar as local stocks advanced in line with the global trend and some exporters sold the dollars after the American currency's recent rise.
The dollar and yen weakened against major counterparts, as global investors pared holdings of safe haven assets amid some improvement in risk appetite.
The rupee ended the day at 46.85 after touching a high of 46.7550 and a low of 47.02/03. It had opened at 46.9325 compared to the previous close of 46.9125. It reached 47.02 in intraday trade yesterday, the weakest level since July 26.
Exporters probably sold dollars at the 46.90 level, according to a currency trader.
The BSE Sensex rose 47 points to close at 18,226 after being as high as 18,261 and as low as 18,159. The NSE Nifty gained 15 points to finish at 5,477 after touching a high of 5,486 and a low of 5,454.
The dollar index, which tracks the US currency against six major currencies, was down while most Asian currencies rose compared to the greenback as investors resumed buying in risky assets after the recent reversals.
The yen and dollar fell against major currencies on speculation that central bankers from around the world will reiterate a pledge to continue the stimulus measures amid signs of slowdown in key economies.
Federal Reserve Chairman Ben S. Bernanke, European Central Bank President Jean-Claude Trichet, and Bank of Japan Governor Masaaki Shirakawa are all scheduled to attend the Fed’s annual symposium at Jackson Hole, Wyoming, which starts today.
