The rupee extended its recovery for the second straight session and settled with a gain of 13 paise at 86.40 against the US dollar on Wednesday, tracking favourable cues from domestic equity markets and softening crude oil prices.
The American currency index also descended from a record peak, adding to the gaining momentum in the local unit, though it remained under pressure from continuous exit of foreign institutional investors, forex traders said.
At the interbank foreign exchange, the rupee opened at 86.50 and slipped to the intraday low of 86.55 against the greenback. It also touched a high of 86.28 before ending the session at 86.40 against the dollar, registering a gain of 13 paise from its previous close.
Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises
