Rupee Rises Against Dollar as Crude Prices Fluctuate

The Indian rupee started July 29 on a positive note, opening at 95.72 against the US dollar after closing at 95.86 the previous day.

The currency's rise is attributed to volatile crude prices and concerns about the Federal Reserve's interest rate decision later in the day.

According to Finrex, the rupee is expected to trade within a range of 95.35-95.85 during the session.

Exporters are likely to sell dollars on upticks towards 95.85-95.90 levels, while importers may use dips to hedge their payment obligations.