Indian rupee extended gains to close marginally higher at 72.92 per dollar, amid profit booking seen in the domestic equity market.
It opened flat at 72.94 per dollar against Monday’s close of 72.95. The domestic unit traded in the range of 72.78 - 72.94 during intraday trade on Wednesday.
The local currency erased most of the intraday gains and ended near the day's low level at 72.92 per dollar which was still 3 paise higher.
On Tuesday, the currency market was shut on account of Republic day.
Oil prices climbed on Wednesday after industry data showed US crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in Covid-19 cases, bolstering hopes of a pick-up in demand.
Benchmark Brent Crude was trading 0.52% higher at USD 56.20 per barrel.
Related Tags: