Rupee settles 4 paise higher at 90.91 against USD

Mumbai: The rupee stayed range-bound and settled with a gain of 4 paise at 90.91 against the US dollar on Wednesday on the back of foreign fund inflow and a weak greenback.

The currency, however, faced pressure due to higher crude oil prices and trade-related uncertainties, according to forex traders.

At the interbank foreign exchange, the rupee opened at 90.94 against the dollar and traded in a narrow range of 90.96-90.88, before settling at 90.91 against the greenback, registering a gain of 4 paisa from its previous close.

On Tuesday, the rupee settled 6 paise lower at 90.95 against the US dollar.

Brent crude rose 0.06 per cent to USD 70.76 per barrel in futures trade.