Rupee rises 7 paise to settle at 83.30 against US dollar

Mumbai, December 01, 2023.

The rupee appreciated 7 paise to settle at 83.30 (provisional) against the US dollar on Friday, following positive cues from equity markets and strong domestic macroeconomic data.

Forex analysts said easing crude oil prices in the international markets also favoured the local currency.

Global crude price retreated from the level of USD 84 to USD 80 per barrel as oil-producing countries’ grouping OPEC+ agreed not to reduce output in 2024, they added.