Rupee up 14 p at 54.54 on hopes of USD inflow on FDI vote win
- LIVE: Yogendra Yadav, Prashant Bhushan expelled from AAP National Executive committee
- President Pranab Mukherjee goes to Vajpayee's home with Bharat Ratna
- Land bill will ‘break nation’s backbone’, Sonia tells Gadkari
- After 2010 scare, DGCA got cockpit policy to avert Germanwings-type incident
- Leave IITs alone, can’t talk to 36 applicants in a day and choose (directors): Kakodkar
Pramit Brahmbhatt, CEO, Alpari Financial Services (India) said: "Expectations of government's push for policy reforms continued to support gains in the rupee today."
Meanwhile, the premium for the forward dollar ended better on fresh payments from banks and corporates.
The benchmark six-month forward dollar premium payable in May rose to 171-172 paise from last close of 169-171 paise.
Far-forward contracts maturing in November also firmed up to 317-1/2-319-1/2 paise from 316-318 paise.
The RBI has fixed the reference rate for the US dollar at 54.5690 and for euro at 71.5290.
The rupee recovered against the pound sterling to 87.85 from Tuesday's close of 88.12 and also turned positive to end at 71.39 per euro from 71.49.
It improved further against the Japanese yen to 66.36 per 100 yen from previous close of 66.67.