The Indian rupee had staged a mild
recovery after a 2-session fall and ended higher by 7 paise at 64.96 against
the US currency on fresh bouts of dollar selling by banks and exporters.
The rupee advanced by 11 paise to
64.85 v/s the dollar at the interbank FOREX market on Thursday on improved
selling of the U.S currency by the exporters and banks. A weak dollar against
other major currencies overseas helped the rupee gains.
High volatility and movements of the
U.S dollar in global market largely weighed on trade during the day, although
the rupee largely withstood the initial uneasy momentum. Sustained capital
inflows into equities and debts largely weighed on trading sentiment.
Meantime, Gold edged higher today,
after marking a near 3-week high in the last session, because of the dollar eased, but palladium remained close to a more than Sixteen-year
high touched on Wednesday. Spot gold rose 0.2% at USD 1,283.81 per ounce at morning
hours today.