The rupee opened at 64.40, down 7 paise compared with previous closing level of 64.33 a dollar.
Nissan expects operating profit to come in at 685.0 billion yen ($6.00 billion) in the year to March, lower than an average estimate of 778.4 billion yen from 21 analysts polled by Thomson Reuters I/B/E/S, and down from a 742.2 billion yen profit posted in the year just ended.
After touching an intraday high of 64.41, the rupee ended the session at 64.43, up 0.3 percent from its previous close.
This is its highest closing since August 11, 2015, when it had ended at 64.19 against the greenback. Speculative traders and exporters offloaded their long dollar bets, spooked by launch of US air strikes against Syria.
UBS Securities believes the currency will hover around 65 levels, but sticks to its year-end forecast of 70/USD, implying a weakness.
Ashutosh Raina of HDFC Bank expects the pair to trade in the 64.75-65.15 per dollar range for the day.
As the rupee touched a 17-month high against the US dollar, Deputy Governor S S Mundra today said the Reserve Bank does not target any range for the domestic currency and intervenes only to curb volatility.
The rupee today surged by 37 paise to settle at Rs 65.04/05 per dollar against last close of Rs 65.41/42 per dollar.
The Indian rupee appreciated more than 3 percent against US Dollar so far in the year to Rs 65.45/USD which was closer to a 17-month high of 65.36, a level which was last seen on October 30, 2015.
The rupee gained further ground against the US dollar to end at a nearly 17-month high of 65.30 in a fairly volatile trading on increased selling of the American currency by exporters and banks.
Rupee opened at 65.76 against the US dollar on Wednesday versus 65.82 on Tuesday. Post the US election outcome rupee depreciated to an all time low of 68.86 against the USD.
The rupee resumed higher at 65.76 as against yesterday's closing of 65.82 here today. It advanced further to 65.41 before trading at 65.44 at 1020 hours.
The rupee surged by a massive 78 paise to end at a nearly one-and-a-half year high of 65.82 against the US dollar on frantic unwinding of the American currency following in Uttar Pradesh.
While the global scenarios is looking up, certain hurdles like the upcoming elections in France in next 2-3 months will be in focus. The upcoming rate hike by the US Federal Reserve next week is already factored in, said Andrew Holland, Chief Executive Officer at Avendus Capital Alternate Strategies.
Foreign investments in the services sector increased 77.6 per cent to USD 7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business.
Stronger-than-expected economic activity along with robust foreign portfolio investments into the equities and export proceeds predominantly supported the recovery momentum.
The retreat in the US dollar and 10-year treasury yields from the peaks has helped emerging markets (EMs), according to Geoff Lewis of Manulife Asset Management. He said that emerging markets are also drawing strengths from better corporate earnings.
Snapping its two-day rising trend, the rupee today lost four paise to end at 66.96 against the US dollar on fresh demand for the American currency from banks and importers.
According to the Edelweiss Forex rates annual currency outlook 2017, the outperformance of the rupee is unlikely to continue and US weak dollar policy can create some downside pressure on USD/INR in the near term.
The strength of the US dollar will decide the fate of the emerging markets (EMs), said Sanjeev Prasad, Senior ED & Co-Head at Kotak Institutional Equities.
The rupee resumed higher at 66.81 per dollar as against the yesterday's closing level of 66.85 at the Interbank Foreign Exchange market.
US equities closed mixed as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones fell about 35 points, with Goldman Sachs contributing the most losses. The 10-year u-s benchmark bond yields declines for a third consecutive day to 2.34 percent, the lowest level in three weeks.
The rupee has appreciated more than 1 percent so far this year, with most of those gains coming toward the end of January on hopes for fiscal stimulus in the government's Feb. 1 budget presentation.
Currencies of high growth economies PHP (Philippine Peso), IDR (Indonesian Rupiah), VND (Vietnamese Dong) and INR (Indian Rupee) were notably resilient when DXY (US Dollar Index) rallied strongly in November-December 2016.
Earlier, the rupee opened lower by 7 paise at 67.29 per dollar against yesterday's level of 67.22 per dollar at the Interbank Foreign Exchange (Forex) Market.