New Delhi, Aug. 20 -- The rupee opened 19 paise higher at 95.56 against the US dollar on Thursday, 20 August, supported by a weaker greenback that fell to a three-month low after the US Treasury announced measures to increase buybacks of longer-dated bonds and ease pressure in the bond market.

However, traders cited by Reuters expect the rupee's recovery to remain limited beyond the initial gains, amid elevated crude oil prices and a weak near-term outlook for the Asian currency.

The Dollar Index declined 0.88% on Wednesday, marking its sharpest single-day fall since mid-March. The decline came after the US Treasury announced plans to double the size of its liquidity-support operations for longer-dated bonds.

The move followed a sellof...