Rupee rises 19 paise to close at 95.80 against U.S. dollar
The Indian rupee appreciated 19 paise, closing at 95.80 against the U.S. dollar on Friday. Forex traders noted that gains were limited by local importers' dollar demand, high crude prices, and a stronger dollar influenced by hawkish signals from the Federal Reserve. The rupee's performance reflects improved global risk sentiment and potential market interventions.