Forex traders said the rupee pared its initial losses and settled on a positive note as Brent crude oil prices and the U.S. dollar index retreated from their elevated levels
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At the interbank foreign exchange market, the rupee opened at 95.77 against the U.S. dollar, then touched an intraday high of 94.97 and a low of 95.78 during the day
At the interbank foreign exchange market, the rupee opened at 95.77 against the U.S. dollar, then touched an intraday high of 94.97 and a low of 95.78 during the day
Moreover, positive domestic equities and a decline in U.S. treasury yields also supported the rupee
Forex traders said Brent oil prices have fallen below $100 per barrel on a rise in investor risk appetite in global markets on hopes of peace between the U.S. and Iran.
