The Indian Rupee dropped by 34 paise to close at 49.51 against the US dollar today as late bounce in US dollar in overseas markets had a negative effect. The Rupee had slipped in the initial moves following weak local shares and failed to gain much even as the sentiments in the equities improved later on.
The BSE Sensex jumped 123.43 points or 0.7% to settle at 17,830.75, its highest closing level since 3 August 2011. The index surged 172.14 points at the day's high of 17,879.46 in late trade.
Key benchmark indices gained for the second straight day to attain their highest closing level in more than 27 weeks on firm European stocks. The BSE Sensex surged 123.43 points or 0.7%, up about 220 points from the day's low and off about 50 points from the day's high.
US dollar fell to a nearly two month low above 1.3300 levels against the Euro before edging up in the evening trades and currently quotes at 1.3254 as traders await for New York session.
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