The rupee slipped below 96 against the US dollar in intraday trade before recovering to settle 3 paise lower at 95.94. Likely RBI intervention, softer dollar index and crude prices helped the currency pare initial losses amid global uncertainties
The rupee declined 11 paise to settle at 95.28 against the US dollar, pressured by a firm greenback and higher crude oil prices. FII inflows provided some support, while uncertainty over West Asia talks weighed on the local currency
