Mumbai, Jan 15 () The Indian rupee on Wednesday found its winning ways after a day’s hiatus, settling five paise higher at 70.82 to the US dollar as easing crude oil prices and weaker greenback lifted sentiment in the domestic forex market.
The rupee’s gains were, however, remained restricted as investors turned a bit cautious ahead of the signing of phase 1 trade agreement between the US and China.
At the interbank foreign exchange, the rupee opened on a weak note at 71.01 against the US dollar. The local unit, however, closed at 70.82 a dollar, higher by 5 paise over its previous closing.
The domestic unit on Tuesday had closed at 70.87 against the US dollar.
“The Indian rupee traded flat after opening weak against US dollar ahead of the signing of phase 1 trade agreement between US and
Rupee back to winning ways, up 5 paise on easing crude prices
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