Synopsis The Indian rupee closed at 95.38 on Friday, strengthening significantly. Persistent Reserve Bank of India interventions and lower oil prices aided this currency gain. The local unit traded within a narrow range during the trading session. A weaker dollar index also contributed to the rupee’s upward movement. Analysts expect continued support for the rupee at lower levels. Mumbai: The Indian rupee closed at 95.38 on Friday, 30 paise higher than its previous close of 95.68, and its strongest level in a month. Persistent interventions from the Reserve Bank of India and a dip in oil prices helped strengthen the…
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