Mumbai: The Indian rupee closed slightly stronger Thursday on the back of reported interventions by the Reserve Bank of India (RBI) and a modest retreat in oil prices, traders said. The currency closed at 95.93, little changed from its previous close of 95.95, according to Reuters.
Read more: Paytm karo, back in vogue again: Can the stock reclaim IPO price after 5 years and 480% rally?
Oil prices cooled to around $103 per barrel, from around $107 per barrel the previous day, which also supported bond yields. The 10-year benchmark bond yield closed at 7.04%, versus its previous close of 7.06%, CCIL data showed.
Read more: Retail investors pull Rs 5,674 crore from stocks, invest Rs 12,618 crore into IPOs in July-August
The rupee traded in the range of 96.10 and 95.78 during the day, with state-run banks actively selling dollars at levels weaker than 96, traders said. The dollar index increased to 100.17, from 99.65 a day earlier. -Our Bureau
