Mumbai, September 17, 2024.
The rupee appreciated by 11 paise to settle at 83.75 (provisional) against the US dollar on Tuesday amid a weaker greenback against major currencies and a decline in crude oil prices.
The decline in wholesale inflation to a four-month-low and a strong domestic market pushed up the domestic unit, forex traders said.
At the interbank foreign exchange market, the rupee opened at 83.87, down 1 paisa from its previous close and traded in the range of 83-70 to 83.87 during the day.