The Sen Times

Rupee settles 3 paise lower at 95.94 against US dollar after breaching 96 level

Mumbai, Sep 17 (PTI) The rupee, which slipped below the 96 level in intraday trade, ended Thursdays session with a loss of just 3 paise at 95.94 (provisional) against the US dollar, paring initial losses on likely RBI intervention. The rupee ended almost flat amid a slight fall in the dollar index and crude oil prices, which supported investor sentiment despite global geopolitical volatility. According to forex analysts, the local currency, however, stayed under pressure due to outflows of foreign funds and global trade uncertainties after the House of Representatives cleared a law authorising President Donald Trump to impose up