Rupee ends 4 paise higher

PTI Updated - December 07, 2021 at 02:30 AM.

rupee

Staging a smart recovery, the rupee on Wednesday settled four paise higher at 65.27 against the US dollar despite plunging to a fresh two-year low in early trades amid global currency volatility.

Besides, fresh dollar selling by exporters and suspected RBI intervention through State-owned banks predominantly triggered the rupee recovery as emerging market currencies continued to flounder amid worries over the Chinese economy, forex dealers said.

The local currency also benefited from a smart rebound in local equities as well as subdued greenback overseas.

Published on August 19, 2015 04:45