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Rupee gains for 2nd straight session, closes 63 paise higher at 95.73 against dollar

The Indian rupee strengthened for a second consecutive session, closing 63 paise higher at 95.73 against the US dollar on Friday. The recovery was supported by easing crude oil prices, positive domestic equities and expectations of RBI intervention to stabilise the currency market

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The Indian rupee extended its recovery for a second consecutive trading session on Friday, appreciating 63 paise to close provisionally at 95.73 against the US dollar. 

The domestic currency drew support from easing crude oil prices, positive sentiment in local equity markets and expectations of intervention by the Reserve Bank of India (RBI) to curb excessive volatility.

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