Rupee rises 1 paisa to settle at 95.47 against US dollar
The rupee appreciated by just 1 paisa to settle at 95.47 against the US dollar on Thursday even as crude oil prices firmed up and the greenback strengthened in global markets.
The rupee appreciated by just 1 paisa to settle at 95.47 against the US dollar on Thursday even as crude oil prices firmed up and the greenback strengthened in global markets.
A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis.
At the interbank foreign exchange market, the rupee opened lower by 4 paise at 95.52 against the US dollar and later traded in the range of 95.28 to 95.58 during the day. It settled at 95.47, up 1 paisa from its previous close. The rupee had declined 52 paise to settle at 95.48 against the US dollar on Wednesday.
