According to the World Bank report, global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook.
Forex dealers said besides strong demand for the American currency from importers, concerns of fears of rising fiscal deficit and capital outflows weighed on the domestic currency.
Nifty crosses 10,600 mark for the first time, while Sensex soars to 34,331; pharma, IT, banking stocks gain
The 30-share Sensex soared by 178 points, or 0.52 percent, to 34,331.85 points, breaching its previous record high (intra-day) of 34,188.85 hit on 5 January.
Rupee is likely to appreciate in the near-term on the back of expected higher inflows into the country, according to treasury officials.
FDI inflows to India remained slow as it received $13.92 billion in the first nine months of current fiscal compared to $23 billion in 2011-12