Mumbai, Apr 8: The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance.
Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change.
At the interbank foreign exchange market, the rupee opened at 92.92 against the US dollar, then gained ground to touch 92.45 against the US dollar during the session and finally ended the day at 92.54 against the greenback, registering an increase of 52 paise over its previous close.
On Tuesday, the rupee settled 16 paise down at 93.06 against the American currency. (PTI)
