MUMBAI: (Aug 6) The rupee depreciated 16 paise to close at 95.24 (provisional) against the US dollar on Thursday, on slight gains in the US Dollar Index and a modest increase in US Treasury yields.
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Forex traders said the rupee was pressured by a slight recovery in the US Dollar Index and foreign fund outflows, even as lower crude oil prices provided some underlying support.
At the interbank foreign exchange, the rupee opened at 95.13 against the greenback and traded in a range of 95.12-95.24 during the session. It eventually settled at 95.24 (provisional), lower by 16 paise from its previous close. ( PTI )
