Rupee settles 21 paise higher at 69.15 to US dollar
India TV NewsThe Indian rupee on Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities. Besides, traders said, gains in domestic equities, foreign fund inflows and latest news on monsoon progress also helped in reviving domestic currency market sentiment. Brent crude futures, the global oil benchmark, rose 1.38 per cent to USD 65.95 per barrel. V K Sharma, Head-PCG & Capital Market Strategy, HDFC securities, said, "For last two days, overseas investors have been pouring money in domestic equity and debt markets also helped rupee to remain strong during Wednesday's trade." "Statement released by US Treasury Secretary Steven Mnuchin saying that 'US-China trade deal is 90 per cent complete', has improved the sentiment in emerging market currencies," he said.