Sensex back in the green as rupee stages recovery

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 U.S. 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 percent firmer at 11,369.90 while the benchmark BSE Sensex ended 0.81 percent higher at 37,717.96.