The Indian rupee in line with the firm equity markets also rallied further by eleven paise to close at 51.40/41 against the greenback. The rupee also got the boost from the weak dollar overseas that amid fresh capital inflows.
In two-way trade at the Interbank Foreign Exchange (Forex) market, the domestic unit resumed higher at 51.33/34 a dollar from its previous close of 51.51/52 but later slipped to a low of 51.70 in afternoon trade due to weakness in local equity markets. However, a smart recovery from the initial downtrend in stocks led the rupee to rebound to a high of 51.31 a dollar before concluding the day at 51.40/41
The BSE Sensex closed up by 186.93 points or 2.13 per cent, gaining a total 783.14 points or 9.60 per cent in three trading days since March 12.
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