Rupee rises 13 paise to close at 95.81 against the dollar

The rupee rose 13 paise to close at 95.81 (provisional) against the US dollar at the end of Wednesday's trading session, recovering from its two-month low.
Lower odds of a Fed rate hike and a dip in oil prices lent the Reserve Bank of India a hand in supporting the currency after it breached the 96 mark this week.
The dollar, meanwhile, stood near this year's high versus the euro on Wednesday, poised for the largest monthly rise against it in 14 months, powered by US growth and rising US interest rates.
Originally reported by The Hindu BusinessLine. Article compiled by the Deccan Age desk.

