Rupee settles on flat note, up 2 paise at 95.95 against US dollar
Mumbai, Sep 29 (PTI) The rupee settled on a flat note on Tuesday, just a tad over the psychologically important 96 per dollar level, driven by possible RBI intervention and a pull-back in oil prices following hopes of negotiations between the US and Iran. Forex traders said gains in the rupee were capped by US dollar demand from local importers and a stronger greenback. Additionally, the Reserve Bank of India (RBI) is likely to intervene as the rupee approaches the 96 level against the American currency, they said. At the interbank foreign exchange market, the rupee opened at 96.03, then