India, June 24 -- The Indian rupee strengthened by 11 paise to close at 94.65 against the US dollar on Wednesday, supported by a sharp decline in global crude oil prices.
The local currency also drew strength from positive sentiment in domestic equity markets and continued foreign institutional investor (FII) inflows.
Meanwhile, Brent crude, the global oil benchmark, fell 2.05% to USD 75.50 per barrel in futures trade, easing pressure on India's import bill and lending support to the rupee.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....