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On Wednesday, it was observed that the rupee opened 7 paise higher at 64.89 against Dollar. On Tuesday, it was noted that the local currency closed 16 paise up at 64.96 against the dollar. In the interim, experts also claimed that the domestic equity markets opened in the red due to global cues. It is observed that the NSE Nifty50 index was down 38 points at 10,211.70 level. On the other side, the BSE Sensex was 80 points down at 33,234 level in the morning session at around 9.25 am.

On Monday, the benchmark indices traded lower for the fourth straight session following weak sentiment in Asia markets. Also, in opening trade against the previous session's closing, the BSE Sensex fell over 200 points. It was noted that the broader Nifty also traded below 10,400 levels. As per the experts and analysts, the Indian rupee strengthened against the US dollar, by tracking gains in its Asian peers. However, earlier this week it was observed for the second straight session that the domestic equity indices gained to hit the three-week high on upbeat global cues and bargain hunting in select index majors.