On Tuesday, the rupee ended flat at 71.28 against the US dollar ahead of release of the key domestic macro-economic data.
The Indian rupee erased morning losses and trading at day's low at 71.31 per dollar, with buying seen in the domestic equity market.
It opened higher at 71.23 per dollar versus previous close 71.28.
On Tuesday, the rupee ended flat at 71.28 against the US dollar ahead of release of the key domestic macro-economic data.
The Sensex was up 388.01 points or 0.94% at 41604.15, and the Nifty was up 101.10 points or 0.83% at 12209.00.
Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world's second-largest oil consumer.
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