Rupee Rises 4ps To 85.62/$

Mumbai: Rupee rose 4paise to close at 85.62 against the US dollar on the back of strong foreign capital inflows. However, a mixed sentiment in the domestic equity markets, a rise in global crude oil prices, and a stronger US dollar against major currencies capped further gains in the local unit, according to forex traders. At the interbank foreign exchange, rupee opened at 85.62 and registered an intra-day peak of 85.51 and a low of 85.68 before settling at 85.62 against the greenback, up 4paise from its previous close.