Sensex ends higher as rupee recovers from life-low

File photo. Photograph:( PTI )

Reuters Bangalore, Karnataka, India Sep 13, 2018, 05.17 PM (IST)

Indian shares ended higher on Wednesday, snapping two sessions of declines after the rupee recovered sharply following reports that Prime Minister Narendra Modi will review economic situation over the weekend and that a rate hike is not ruled out.

Rupee recouped to 71.90 against the US dollar, from a record low of 72.92 hit earlier in the session.

Investors are also awaiting August retail inflation data later in the day.

The broader NSE Nifty closed 0.73 per cent firmer at 11,369.90 while the benchmark BSE Sensex ended 0.81 per cent higher at 37,717.96.