INR draws support from easing crude oil prices, weak American currency and capital inflows
Mumbai, Nov. 4 -- The Indian rupee stayed firm for the second straight session to settle 17 paise higher at 94.58 (provisional) against the US dollar on Wednesday, drawing support from easing crude oil prices, a weak American currency and capital inflows from overseas investors. Positive domestic equities market also favoured the local currency even as the outcome of the US midterm elections improved global sentiment. In the interbank foreign exchange market, the rupee opened at 94.61 and hit the high of 94.50 and the low of 94.87 against the greenback. The unit finally settled at 94.58 (provisional), up 17 paise from its previous closing level. Indian shares closed higher on Wednesday, extending gains for a fifth consecutive session as s...
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