Mumbai: The rupee declined for the fourth straight session on Thursday after RBI rolled back its curbs on foreign exchange trade. The decline also comes as crude prices inched higher above the $100 per barrel mark.
The unit closed at 94.11/$ on Thursday, versus its previous close of 93.87/$. The currency traded in a narrow 16 paise range between 94/$ and 94.16/$, with RBI likely selling dollars in the first half of the day, dealers said. Brent crude futures rose $1.47, or 1.4%, to $103.38 a barrel, settling above $100 for the first time in more than two weeks.
