The Indian rupee on Monday settled 5 paise higher at 71.32 against the US dollar, helped by some moderation in crude prices. However, stronger US dollar against key rival currencies and subdued domestic equities kept the rupee’s rise in check.
At the interbank foreign exchange market, the domestic unit started on a weak note at 71.45 against the US dollar, but kept on reclaiming the lost ground as the day progressed. It swung between a low of 71.48 and a high of 71.24.
