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Rupee rises 3 paise to close at 83.58 against US dollar

United States US Dollar

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Mumbai: The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 (provisional) against the US dollar on Tuesday, on firm domestic markets and sustained inflow of foreign capital.

Also Read | Fresh surge in fuel prices, citizens demand govt intervention

Forex traders said a decline in crude oil prices favoured the rupee, while a strong US dollar capped sharp gains.

Also Read | Fuel prices continue to decline on Tuesday

At the interbank foreign exchange market, the local unit opened at 83.59, and touched an intraday high of 83.53 and a low of 83.60 against the dollar during the trading session.

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