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The rupee today snapped a two-session fall and rebounded by 10 paise to end at 64.34 a dollar amid expectations that the ruling BJP will emerge victorious in Gujarat polls.
The home currency resumed on a positive note at 64.35 from Wednesday’s close of 64.44 at the Interbank Foreign Exchange (forex) market as currency traders largely shrugged off the Federal Reserves’ widely expected US rate hike.
It maintained the buoyancy throughout the trade and touched an intra-day high of 64.2450 in mid-afternoon deal before ending at 64.34, showing a smart gain of 10 paise, or 0.16 per cent.
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