<div><br />The rupee soared by 46 paise to trade at a fresh one-month high of 61.72 against the dollar in early trade today at the Interbank Foreign Exchange after the RBI cut interest rates by 25 basis points to 7.75 per cent.<br /><br />Forex dealers said besides a higher opening in the domestic equity market and dollar's weakness against other Asian currencies also supported the rupee.<br /><br />The rupee had ended four paise lower at 62.18 on fresh dollar demand from banks and importers in yesterday's trade in view of fall in crude oil prices.<br /><br />The benchmark BSE Sensex climbed over 600 points and the NSE Nifty regained the 8,400-mark in opening trade on Thursday as rate-sensitive stocks led rally after the RBI in a surprise move cut repo rate by 0.25 per cent.<br /> <br />The 30-share index, which shed 238.45 points in the previous two sessions, rebounded by 600.77 points, or 2.19 per cent, to trade at 27,947.59.<br /> <br />All the sectoral indices, led by banking and realty were trading in the positive terrain with gains up to 3.01 per cent.<br /> <br />On similar lines, the National Stock Exchange index Nifty regained the psychological 8,400-mark by surging 176.05 points, or 2.12 per cent to, 8,453.60.<br /> <br />Brokers said sentiments buoyed largely on the back of the RBI's surprise move to cut repo rate by 25 basis points to 7.75 per cent, triggering all-round buying, particularly in interest-sensitive stocks.<br /> <br />Besides, encouraging quarterly earnings by some blue-chip companies and a better trend at other Asian bourses boosted sentiments.<br /> <br />Among other Asian markets, Hong Kong's Hang Seng index was up by 0.15 per cent, while Japan's Nikkei moved up by 1.46 per cent in early trade on Thursday.<br /> <br />The US Dow Jones Industrial Average ended 1.06 per cent lower in Thursday's trade.<br /><br />(Agencies)<br /> </div>
