Rupee settles 11 paise higher at 73.31 against US dollar

Mumbai:  Rising for the fifth straight session, the rupee appreciated by 11 paise to close at 73.31 against the US dollar on Wednesday, supported by positive domestic equities and unabated foreign fund inflows.
A weaker greenback in the overseas markets also supported the rupee, forex dealers said.
At the interbank forex market, the domestic unit opened at 73.35 against the US dollar and witnessed an intra-day high of 73.26 and a low of 73.36.
The local unit finally settled at 73.31, registering a rise of 11 paise over its previous close.
On Tuesday, the rupee had settled at 73.42 against the American currency.
In the last five trading sessions, the Indian rupee has gained 53 paise.