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Rupee sustains bullish run amid positive cues
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The rupee stayed steady for the fifth straight session and settled with a gain of 9 paise at 95.67 against the US dollar on Thursday, taking cues from positive domestic equity markets and inflows of foreign capital.
At the interbank foreign exchange, the rupee opened at 95.59 and traded in the range of 95.56 to 95.75 against the greenback.
The Indian unit ended the session at 95.67 against the US dol-lar, registering a gain of 9 paise from its previous closing level.
“Traders may take cues from advance GDP, core PCE (Personal Consumption Expenditures) price index and weekly unemployment claims data from the US.
USD-INR spot price is ex-pected to move in a range of Rs 95.40 to Rs 96,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.