On the macro front, retail inflation rose to a 4-month

high of 3.65 per cent in February.

Measured in terms of Consumer Price Index (CPI), inflation had dipped to a multi-year low of 3.17 per cent in January this year on account of cash crunch following demonetisation.

It stood at 5.26 per cent in February last year.

In the forward market, premium for the dollar retreated owing to sustained receivings from exporters.

The benchmark six-month premium for August edged down to 145-147 paise from 147-149.50 paise and the far-forward February 2018 contract also moved down to 297-299 paise as against 300-304 paise on Tuesday.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)