The rupee strengthened sharply on Friday, rising 56 paise to close at 95.18 against the US dollar after the Reserve Bank of India announced a series of measures aimed at attracting foreign capital and boosting foreign exchange liquidity, PTI reported.

Rupee rises to 95.63 against the U.S. dollar ahead of RBI's policy decision, amid positive trade news.

The rupee strengthened significantly against the US dollar, gaining 50 paise to reach 95.24 following the RBI's liberalization of FPI investment norms in government securities.…