The rupee strengthened by twenty-one paise, closing at ninety-six point twenty-four on Tuesday. Lower oil prices reduced demand for the US dollar, supporting the local currency. Dedicated programs aimed at drawing forex inflows have garnered nearly twenty-one billion dollars. State-run banks sold dollars, providing support around ninety-six point forty-two levels. The currency traded within a narrow range throughout the trading session.

Rupee rises 12 paise to 96.24 against the U.S. dollar as forex inflows reach $20.72 billion amid market uncertainties.

Mumbai, Jul 21 (PTI) Rupee pared initial losses and settled for the day higher by 11 paise at 96.25 against the US dollar on Tuesday, as traders assessed the strong inflows…