A firm dollar overseas ahead of service-sector and factory-order data restricted the rise to some extent, a forex dealer said.
The Reserve Bank of India (RBI) today maintained its key rate as it is but slashed statutory liquidity ratio (SLR) by 0.5 per cent to 22 per cent to release about Rs 40,000 crore into the financial system.
It also reduced the ceiling of banks total holdings of SLR securities under the held to maturity to 24 per cent from 24.5 per cent of net demand and time liabilities.
Later, it bounced back in line with domestic bourses and touched a high of 60.69 before settling at 60.84, a rise of nine paise or 0.15 per cent. Yesterday, it rose by 25 paise.
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The benchmark S&P BSE Sensex today rallied by 184.85 points, or 0.72 per cent. FIIs had infused Rs 372.56 crore yesterday in equities as per provisional data.
The dollar index, a gauge of six major global rivals, was up by 0.18 per cent ahead of data releases.