Rupee rises 19 paise to close at 95.17, logs fourth straight session of gains
The rupee appreciated by 19 paise to close at 95.17 (provisional) against the U.S. dollar on Wednesday, registering its fourth straight session of gains.
The domestic currency was supported by Reserve Bank of India interventions aimed at easing near-term dollar demand and limiting speculative foreign exchange exposure.
Forex traders said the Indian rupee rose to a one-month high on the RBI’s measures to curb speculative bets. A weak dollar and easing of U.S. Treasury yields also aided the rupee. However, weak domestic markets capped sharp gains.
