Re rises 21 paise to close at 85.73 against $

MUMBAI: Rupee rose 21 paise to close at 85.73 against dollar on Tuesday on back of a decline in global crude prices and a weaker greenback against major rivals. Easing of foreign fund outflow and firm domestic equity markets further boosted the rupee, according to forex traders.

"Rupee was range bound with chances of US-India (pact) being concluded today (Tuesday), keeping rupee on an upward trend. Closing was slightly higher but a conclusive mini-trade deal could allow rupee to gain again to 85.40 level," Anil Kumar Bhansali, head of treasury and ED, Finrex Treasury, said.

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