India, June 5 -- Snapping a two-day losing streak, the rupee appreciated by 7 paise to settle at 85.80 (provisional) against the US dollar on Thursday, aided by strong domestic equity markets and gains in Asian currencies.
According to forex traders, the rupee also found support from the overnight decline in crude oil prices. However, a firm US dollar index limited further appreciation.
Meanwhile, investors remain focused on the outcome of the Reserve Bank of India's monetary policy meeting for additional direction, they added.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....