Rupee rises 15 paise to close at 82.10 against US dollar

The Indian rupee rose by 15 paise to settle at 82.10 against the US dollar on Wednesday, due to strong macroeconomic fundamentals, FII inflows, and a weak greenback against major rivals worldwide. The local unit opened at 82.28 against the US currency and witnessed an intra-day high of 82.08 and a low of 82.32. A weak US dollar and increasing expectations of a pause in rate hikes by the US Federal Reserve, along with positive domestic equities, supported the rupee. However, a positive tone in crude oil prices could cap a sharp upside.