Rupee gains 12 paise to close at 96.24 against US dollar
Mumbai, Jul 21 (PTI) Rupee pared initial losses and settled for the day higher by 12 paise at 96.24 (provisional) against the US dollar on Tuesday, as traders assessed the strong inflows related to the Reserve Bank’s initiatives to support foreign exchange liquidity amid global market uncertainties. Forex traders said India attracted USD 20.72 billion in forex inflows under the swap facility since June, providing significant structural support to the country’s balance of payments position. At the interbank foreign exchange, the rupee opened at 96.41 against the US dollar and traded in the range of 96.13 to 96.42 during the