Rupee gains for 2nd straight session, settles at 74.46/U.S. dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.01% to 92.74.

FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

The rupee strengthened against the U.S. currency for the second straight session on Thursday, closing 15 paise higher at 74.46 (provisional) amid a rally in the domestic stocks.

At the interbank forex market, the rupee opened at 74.46, and hit an intra-day high of 74.33 and a low of 74.53. It finally finished at 74.46, higher by 15 paise over its last close.

On Tuesday, the rupee had settled at 74.61 against the U.S. dollar. Forex market was closed on Wednesday on account of 'Bakri Id'.

Brent crude futures, the global oil benchmark, rose 0.98 to $72.94 per barrel.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.01% to 92.74.

On the domestic equity market front, the BSE Sensex ended 638.70 points or 1.22% higher at 52,837.21, while the broader NSE Nifty advanced 191.95 points or 1.23% to 15,824.05.

Meanwhile, foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth ₹2,834.96 crore, as per exchange data.