Rupee steady as oil firms buy dollars

The Indian rupee showed minimal movement against the dollar on Friday, closing nearly unchanged. Oil companies actively bought dollars to restrict any considerable appreciation of the rupee. State-run banks also contributed to dollar selling in th...

IANS
The Indian rupee ended nearly flat Friday at 95.21 per dollar, versus its previous close of 95.22, as oil companies bought dollars to prevent the rupee from appreciating. Some state-run banks also sold dollars, traders said. The rupee traded in a 10-paisa range of 95.29 and 95.19, and the bias was negative. Brent crude oil prices were trading around $83-84 per barrel.
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