The rupee today ended up marginally by four paise at 49.93/94 against the US currency, on fresh selling of dollars by banks and exporters amid sustained foreign capital inflows.
Dealers said renewed selling of dollars by banks and exporters in view of persistent capital inflows from foreign funds into the equity market mainly boosted the rupee.
The rupee moved between 49.79 and 49.94 at the Interbank Foreign Exchange (Forex) Market before settling at 49.93/94, higher by four paise from its previous close.
Foreign institutional investors (FIIs) made substantial purchases over the past two trading sessions. FIIs bought shares worth a net Rs 1,298.64 crore yesterday as per provisional data from the stock exchanges.
Meanwhile, the BSE benchmark index Sensex ended higher by 226 points at 17,813.62.
The US crude oil was trading below $107 a barrel in London today.
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The dollar index of six major currencies was up by 0.25% in European market. In London, the dollar hit a 11-month high against the yen and hovered near a seven-week high versus a basket of currencies, supported by expectations that a US economic revival will keep the Federal Reserve from resorting to fresh stimulus.
The rupee premium for the forward dollar recovered on fresh paying pressure from banks and corporates.