On July 14 rupee ended lower by 22 paise at 75.41 per dollar.
Indian rupee has extended the early gains and trading higher by 13 paise at 75.28 per dollar, amid buying seen in the domestic equity market.
It opened higher by 7 paise at 75.34 per dollar against Tuesday close of 75.41.
On July 14 rupee ended lower by 22 paise at 75.41 per dollar.
At 11:21 IST, the Sensex was is up 742 points or 2.06% at 36775.06, and the Nifty was up 210.10 points or 1.98% at 10817.50.
Oil prices rose on Wednesday after a sharp drop in U.S. crude inventories, with the market waiting for more direction from a meeting later in the day on the future level of production by OPEC and its allies.
On the back of short covering, the USD-INR pair has depreciated sharply. We feel it has moved towards its hurdle levels and sizeable amount of short covering is done. Hence, a leg of appreciation can be seen from higher levels, said ICICIdirect.
The dollar-rupee contract on the NSE was at 75.50 in the last session. The open interest declined 4.3% in the last session, it added.