Market News
Rupee ends higher on broad based dollar sales, uptick in Asian peers - REUTERS
MUMBAI, Jan 22 (Reuters) - The Indian rupee strengthened on Wednesday, tracking gains in most of its regional peers, while dollar-rupee forward premiums declined on the back of likely dollar-rupee buy/sell swaps conducted by the Reserve Bank of India.
The rupee closed at 86.3225 against the U.S. dollar, up nearly 0.3% on the day.
While the currency came under pressure earlier in the session and was supported by dollar-selling intervention by the Indian central bank, it ticked up in the latter half of the day on the back of dollar sales by foreign banks, traders said.
