Mumbai, Oct. 19 -- The rupee pared its initial gains and settled lower by 2 paise for the day at 94.91 against the US dollar on Monday, weighed down by a sharp fall in the domestic equity markets and a recovery in crude oil prices.
At the interbank forex market, the rupee opened at 94.90 against the American currency. In intraday trade, it touched a high of 94.75 and a low of 94.97 against the American unit.
Eventually, it settled at 94.91 against the greenback, down 2 paise from its previous close.
Published by HT Digital Content Services with permission from Millennium Post.