Rupee gains 15 paise to 96.81 against dollar, likely helped by RBI intervention

Indian rupee strengthened by 15 paise, closing at 96.81 against the US dollar. Regulatory actions seemed to influence this positive movement after a low of 95.94. The Reserve Bank of India intervened, aiding the local currency amid concerns over high crude prices. Exporters sold dollars in response to the rising interest rate differential. The benchmark 10-year bond yield also fluctuated, reflecting global tightening trends.