The rupee pared initial losses and appreciated 11 paise to close at 85.68 against the US dollar on Friday, after the Reserve Bank cut repo rate by a higher-than-expected 50 basis points to prop up ...

The 1-month non-deliverable forward indicated an open in the 85.86-85.90 range, versus 85.79 in the previous session. The rupee inched up 0.1% against the U.S. dollar on Thursday, finding support at ...