Rupee settles 3 paise lower at 95.94 against US dollar after breaching 96 level

The Indian rupee closed 3 paise lower at 95.94 against the US dollar on Thursday after briefly breaching the 96 mark. Analysts cite RBI intervention and global cues for the recovery, while Fed rate hikes and trade tariffs weighed on sentiment.

The rupee ended almost flat amid a slight fall in the dollar index and crude oil prices, which supported investor sentiment despite global geopolitical volatility.