Rupee rises 3 paise to close at 79.30 against USD as oil prices fall
The rupee recovered from its all-time low to close 3 paise higher at 79.30 (provisional) against the US dollar on Wednesday after a sharp fall in crude oil and foreign fund inflows.
At the interbank forex market, the local unit opened at 79.29 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.37.
It finally settled at 79.30, a rise of 3 paise over its previous close.
In the previous session, the rupee had closed at an all-time low of 79.33 against the US dollar.
“The Indian rupee recovered on Wednesday from lower levels on positive domestic equities and sharp decline in crude oil prices.
