Indian rupee gained marginally against the US dollar on Wednesday tracking firm domestic equities despite sustained outflows of foreign institutional investors. Foreign institutional investors (FIIs) were net sellers as they offloaded shares worth Rs 2,368.66 crore, while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1385.41 crore in the capital market on Tuesday, exchange data showed. However, some gains were capped by firm crude oil prices and strong American currency in the overseas market. Meanwhile, global markets are eyeing on central bank meetings in Europe, Japan and Canada this week.
The partially convertible currency is currently trading at 74.93, stronger by 3 paise from its previous close of 74.96 on Tuesday. The currency touched a high and low of 75.0250 and 74.9200 respectively.
