Amid lacklustre trade volumes, the rupee ended almost flat at 60.45 against the dollar even as month-end dollar demand from oil importers continued.
Strong domestic equities, sustained capital inflows and a weak dollar overseas limited the rupee fall.
On Tuesday, the Indian currency had ended at 60.44, its best closing since July 30, 2014.
The Indian currency opened a tad weaker at 60.47 per dollar and declined to 60.50 as banks bought dollars on behalf of the importers.
The currency strengthened to 60.39 moving by a meagre range of 11 paise at the Interbank Foreign Exchange Market.
BSE-benchmark ended higher by 117 points at 26,560 at day’s closing.
Call Rates and G-Secs
The interbank call money rate, the rate at which banks borrow short term funds from one another, nudged lower at 7.00 per cent from the previous close of 7.05 per cent on Tuesday.
The yield on 10-year benchmark 8.40 per cent government security, maturing in 2024, remained flat for the second consecutive day to close at 8.55 per cent. The price of the security also ended flat from its previous close at Rs 98.96.
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