Rupee rises 7 paise to close at 82.81 against U.S. dollar

At the interbank foreign exchange market, the rupee opened at 82.71 and witnessed a high of 82.62 and a low of 82.81

The rupee appreciated 7 paise to close at 82.81 (provisional) against the U.S. dollar on October 25, as easing crude oil prices buoyed investor sentiments.

At the interbank foreign exchange market, the local currency opened at 82.71 and witnessed a high of 82.62 and a low of 82.81.

It finally settled at 82.81 against the American currency, registering a rise of 7 paise over its previous close.

In the previous session on October 21, the rupee had slipped 9 paise to close at 82.88 against the dollar.

The Forex market was closed on October 24 on account of Diwali.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was quoted at 111.98.

Global oil benchmark Brent crude futures fell 1.59% to $91.78 per barrel.