Rupee rises 3 paise to 88.63 against USD

Rupee rises 3 paise to 88.63 against USD

MUMBAI [Maha Media]: The rupee pared intraday losses to settle 3 paise higher at 88.63 (provisional) against the US dollar on Monday, tracking firm domestic equity markets and lower global crude oil prices.

However, a strong greenback against major currencies overseas and foreign fund outflows weighed on the domestic unit, according to forex traders.

At the interbank foreign exchange market, the rupee opened at 88.70 and hit the intra-day high of 88.56 and the low of 88.73 against the dollar.
 

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