Forex
Rupee Falls 12 Paise to Close at 95.74 Against US Dollar
The Indian rupee fell 12 paise to close at 95.74 against the US dollar on Wednesday, weighed down by the broad strength of the American currency.
The rupee opened at 95.58 against the US dollar and gained ground to touch an intraday high of 95.57 in intraday trade.
However, positive domestic markets supported the rupee at lower levels, limiting its decline.
Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, expects the rupee to trade with a positive bias due to hopes of a diplomatic solution between the US and Iran amid indirect talks at the UNGA.