Rupee finds footing: Closes 7 paise higher at 85.80 against dollar;...

Rupee finds footing: Closes 7 paise higher at 85.80 against dollar; RBI policy outcome, US data to guide next move

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The rupee strengthened marginally to 85.80 against the US dollar, supported by easing oil prices and positive domestic equities, reversing a two-day losing streak. Traders are cautious ahead of the RBI's rate decision, with expectations of a potential rate cut looming. The domestic equity market showed positive momentum, with both Sensex and Nifty closing higher.

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