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The Indian rupee pared initial losses and closed 8 paise higher at 69.07 against the US currency on Thursday, supported by easing crude oil prices and weaker greenback.
However, the rupee movement was confined to a narrow range as forex traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff and rising tensions in the Middle East, according to experts.
At the interbank foreign exchange (forex) market, the domestic currency opened at 69.29 a dollar and touched a low of 69.32 and a high of 69.07 during the day.
The local unit finally closed at 69.07 against the American currency, up 8 paise over its previous close.
On Wednesday, the rupee had settled at 69.15 against the US dollar.
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