
Rupee rises 31 paise to close at 85.31 against USD
MUMBAI [Maha Media]: The rupee pared initial losses and jumped 31 paise to close at 85.31 (provisional) against the US dollar on Thursday, following a weak greenback against major crosses overseas and a decline in US treasury yields.
Forex traders said the dollar declined on weaker-than-expected ADP Non-Farm Employment data from the US.
A decline in global crude oil prices also supported the local unit, they added.