As the markets await the outcome of U.S. Federal Open Market Committee (FOMC) meeting and the Reserve Bank of India’s (RBI) review of its monetary policy, the inflation numbers revered the intra-day gains of the rupee which recovered further against the U.S. dollar, while equities ended flat on a weak note.
The rupee rebounded sharply to close at 62.83 compared to its previous close of 63.48 a dollar.
In fact, it strengthened to 62.45 intra-day. The rupee touched its historical low of 68.85 on August 28.
Sensex edges up
The S&P BSE Sensex edged up by 9.71 points to 19742.47, while all other major indices ended in the red.
Except banks, which gained 1.86 per cent followed by fast moving consumer goods and automobiles which was up by 0.38 per cent each and PSUs 0.12 per cent, all other sectoral indices ended in the negative territory with healthcare losing the most with 2.47 per cent and realty 1.96 per cent.
On the National Stock Exchange (NSE), Nifty closed at 5840.55 with a loss of 10.05 points.