The two-day monetary policy meeting concludes today.
Fresh demand of the US currency from importers, traders said, weighed, but domestic equities soaring to new highs and the dollar's weakness against other currencies overseas arrested the rupee's fall.
Yesterday, the rupee had racked up strong gains to end at a fresh two-and-a-half month high of 64.07 against the US currency, appreciating by 12 paise on heavy dollar selling amid expectations of a rate cut by the Reserve Bank.
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