Rupee Settles 17 Paise Higher at 94.58 Against U.S. Dollar

The Indian rupee rose 17 paise to settle provisionally at 94.58 against the U.S. dollar on Wednesday, supported by easing crude oil prices and overseas capital inflows.

During the session in the interbank foreign exchange market, the local unit hit a high of 94.50 and a low of 94.87 against the greenback.

Domestic equity markets also rallied, with the BSE Sensex closing 383.55 points higher at 77,301.40 and the Nifty gaining 149.75 points to 23,960.60.