The Indian rupee closed above the 64-mark against the US dollar after nearly two-weeks,
jumping a whopping 140 paise, following a sharp rise in local equities, thereby extending gains for the fourth straight session.
Increased capital inflows amid lower global oil prices also underpinned the currency's mood.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed higher at 64.40 a dollar from Friday's close of 65.24 and touched a low of 64.54. It later bounced back to breach 64-mark to a high of 63.78 before settling at 63.84, revealing a rise of 140 paise or 2.15 per cent.
In straight four sessions, it has flared up by 379 paise or 5.60 per cent.
The sentiment was so strong that firm dollar overseas against a basket of six major currencies failed to stem the rupee's rise. The dollar index was up by 0.16 per cent.
Banks and exporters preferred to reduce their dollar position on expectations of more foreign fund inflows into equity market.
Upbeat Chinese economic data, lower oil prices and receding concerns about US military attack on Syria also boosted global markets, helping Indian stocks extend gains.
The benchmark
Sensex rose 727 points - recording its highest gains in more than four years - to close at 19,997.09. According to data available at the stock exchanges, FIIs infused Rs 800.71 crore last Friday.
With inputs from PTI 
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