The Indian rupee extended its morning gain to trade higher in the noon trade amid selling of US Dollar by banks and exporters.
At the interbank forex market, the domestic unit opened at 74.35 against the US dollar, then gained further ground and touched 74.29, registering a rise of 44 paise over its previous close.
On Wednesday, the Indian rupee plunged by 35 paise to close at its weakest level in over 10 weeks at 74.76 against the US dollar.
Besides, foreign portfolio investors (bought shares worth Rs146.22cr, while domestic institutional investors (DIIs), were net sellers to the tune of Rs8.13cr, as per provisional data showed.
Meanwhile, the dollar was up on Thursday morning in Asia, avoiding big moves as the winner of a nail-biting U.S. presidential election has yet to be declared.
The BSE Sensex was trading at 41,176.23 up 560.09 points or 1.38% and Nifty50 at 12,069.90 up 161.40 points or 1.36%.
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