The rupee appreciated 44 paise to 76.56 (provisional) against the US dollar on Wednesday following a retreat in crude oil prices and rebound in domestic equities. At the interbank forex market, the local unit opened at 76.90 against the greenback and witnessed an intra-day high of 76.55 and a low of 76.92.
The rupee quoted 76.56 at 1530 hrs, registering a rise of 44 paise over its previous close.
On Tuesday, the rupee fell 7 paise to close at a lifetime low of 77 against the US dollar, weighed by surging crude oil prices. Rupee appreciated following a rebound in risk assets and expectations of inflows in bond markets as global fund houses exclude the Russian debt from bond indices, said Dilip Parmar, Research Analyst, HDFC Securities.