Keeping pace with the stunning rally in domestic equities, the rupee on Wednesday surged 16 paise to end at an over one-month high of 64.59 against the US currency following frantic dollar unwinding.

Overall, the forex market sentiment witnessed a sea change after India jumped to 100th position in the World Bank’s ‘ease of doing business’ ranking following the government’s strong policy measures to attract investments and revive the economy. Adding more value, eight core sectors grew to a six-month high of 5.2 per cent in September.