Rupee recovers 12 paise to close at 74.96 as crude oil eases
The Hindu
Brent crude futures, the global oil benchmark, fell 0.40% to $85.65 per barrel
The rupee snapped its two-session losing streak to settle 12 paise higher at 74.96 against the U.S. dollar on Tuesday, tracking a positive trend in domestic equities and losses in crude oil prices.
A weaker greenback against major global rivals and easing U.S. Treasury yields also supported the local unit, analysts said.
At the interbank forex market, the rupee opened higher at 75.05 against the greenback and later witnessed an intra-day high of 74.95 and a low of 75.17. It finally ended at 74.96 against the American currency.
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