The Indian rupee closed about 0.2% stronger at 95.59 per U.S. dollar on Tuesday as lower crude prices eased pressure on the oilOilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More-importing economy. Reuters…

The Indian rupee closed about 0.2% stronger at 95.59 per U.S. dollar on Tuesday as lower crude prices eased pressure on the oil-importing economy. Reuters reported that dollar selling by state-run banks also helped limit depreciationDepreciationDefinition Currency depreciation is a decrease in the value of one currency relative to another currency. It is the opposite of appreciation. What Is Currency Depreciat...Read More, while traders remained attentive to the 96-per-dollar area after recent volatilityVolatilityDefinition   Volatility describes the size and speed of price changes over time. A high-volatility market makes larger or faster moves, while a low-volatility market...Read More. The move provides a direct foreign-exchangeExchangeDefinition An exchange is an organised marketplace where buyers and sellers can trade financial assets according to a common set of rules. Examples of assets traded on exc...Read More reaction to changing oil and domestic liquidityLiquidityDefinition   Liquidity describes how easily buying and selling can occur without requiring a large change in price. A liquid market generally has active participation...Read More conditions and is distinct from the RBI liquidity-drain story, which focuses on central-bank bond sales and estimated FX-swapSwapDefinition A swap is a financial arrangement in which two parties exchange sets of cash flows, payments, or financial exposures according to agreed terms. In retail forex, th...Read More operations.