Rupee Settles 5 Paise Close At 82.56 Against USD

Mumbai: The Indian rupee gained 5 paise to settle at 82.56 against the US Dollar on foreign fund inflows and risk on sentiments ahead of the Reserve Bank of India’s monetary policy decision on Thursday. RBI is scheduled to announce bi-monthly monetary policy meeting’s outcome tomorrow and is expected to leave the repo rate unchanged at 6.5 per cent.

At the interbank foreign exchange market, the local unit opened at 8256 against the US dollar and settled at 82.55 (provisional), up 5 paise over its previous close. During the day, the domestic unit witnessed an intra-day high of 82.46 and a low of 82.57 in comparison to 82.60 against USD on Tuesday.

The Global oil benchmark Brent crude futures advanced 0.51 percent to USD 76.68 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.10 per cent to 104.02.

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