Rupee rises for 6th day, gains 12 paise to 95.31 against U.S. dollar as crude drops
The Indian rupee appreciated for the sixth consecutive day, gaining 12 paise to close at 95.31 against the U.S. dollar, bolstered by a decline in global crude oil prices. Forex traders noted that foreign institutional investor inflows and gains in domestic stock markets also supported the local currency. The rupee's rise reflects broader market trends and could influence future trading sessions.