Rupee rises 16 paise to close at 96.72 against US dollar
The Indian rupee appreciated 16 paise to close at 96.72 against the US dollar on Friday, following a weakening greenback and easing crude oil prices. This rise comes after three days of depreciation, supported by potential central bank intervention. Traders expect the USD-INR trend to remain constructive, with resistance at 97 and support at 95.30.