Rupee falls 4 paise to close at 83.52 against U.S. dollar
The local unit opened at 83.51 and hit the intraday high of 83.49 and a low of 83.56 against the American currency during the session.
On Wednesday, the Indian rupee closed at 83.52 against the U.S. dollar, down 4 paise due to higher crude oil prices. It fluctuated between 83.49 and 83.56 during the day. Domestic markets showed strength and positive macroeconomic data softened the impact. Analysts expect the rupee to trade slightly higher, supported by a weaker dollar and improved global risk sentiment, but cautioned about oil price volatility and foreign investor outflows.
