Rupee gains 12 paise to close at 96.24 against U.S. dollar
The Indian rupee strengthened by 12 paise to close at 96.24 against the U.S. dollar on July 20, following significant foreign currency inflows. This increase comes as traders reacted to the Reserve Bank of India's concessional swap facility, which has attracted $20.72 billion as of July 17. The RBI's measures aim to enhance foreign exchange liquidity, contributing to the rupee's recovery.