Rupee rises 19 paise against US dollar

The rupee strengthened by 19 paise to settle at 93.14 against the US dollar on Thursday, following a decline in global crude oil prices amid hopes of a truce in West Asia.
However, sustained outflow of foreign capital amid increased dollar demand from importers capped the gain in the local currency, forex traders said, adding that the domestic unit rose after crude oil prices hovered around USD 95-a-barrel.
At the interbank foreign exchange market, the rupee opened at 93.29 and touched an intraday high of 93.10 against the greenback.
It also fell to the day’s low of 93.35 before ending the session at 93.14, registering a rise of 19 paise from the previous closing level.
On Wednesday, rupee gained 2 paise to settle at 93.33 against the US dollar.