India, Nov. 11 -- The rupee appreciated by 16 paise to settle at 88.57 (provisional) against the US dollar on Tuesday, supported by progress on the US shutdown bill and optimism surrounding a potential US-India trade deal.
According to forex traders, a recovery in domestic equities and positive global cues bolstered the local currency, though rising crude oil prices and foreign fund outflows limited further gains.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....