News > Rupee settles 4 paise higher at 83.97 against the dollar

Rupee settles 4 paise higher at 83.97 against the dollar

The rupee traded in a narrow range and settled higher by 4 paise due to the weakening of the American currency in the overseas market and an overall drop in crude oil prices. Forex traders said the domestic unit witnessed a slight negative bias on weak global equities and concerns over global economic growth. On Wednesday, the rupee breached the crucial 84-mark for the second time within a month and settled 3 paise lower at 84.01 against the dollar.