Indian Rupee gained for the second day in a raw and provisionally closed 12 paise higher at 73.05 against the US dollar on Wednesday, aided by a rally in Indian equities and a weak American currency. At the interbank forex market, the rupee opened at 73.11, and hit an intra-day high of 73.05 and a low of 73.14 and finally finished at 73.05, higher by 12 paise over its last close.

On crude oil watch, Brent crude futures,  rose 0.70 percent to USD 56.29 per barrel.

On Tuesday, the rupee had settled at 73.17 against the USD.  Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.07 percent to 90.43.

The BSE Sensex ended 393.83 points higher at 49,792.12, while the broader NSE Nifty advanced 123.55 points to 14,644.70. FPIs were net buyers in the capital market as they purchased shares worth Rs 257.55 crore on Tuesday, according to provisional exchange data.

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