Rupee rises 2 paise to close at 95.74 against US dollar
The rupee rose 2 paise to settle at 95.74 against the US dollar on Thursday, as the global crude oil prices eased and market participants keenly awaited the RBI's MPC decision on June 5.
The rupee rose 2 paise to settle at 95.74 against the US dollar on Thursday, as the global crude oil prices eased and market participants keenly awaited the RBI's MPC decision on June 5.
Heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying capped sharp gains in the local unit.
Forex traders said the prolonged West Asia crisis poses a major risk for India, which relies heavily on energy imports.
