The Indian currency settled 73 paise stronger against US dollar at 88.07. It has emerged as the best performing Asian currency with 0.82% appreciation against the greenback. (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The rupee settled sharply higher against the US dollar, despite paring some gains from its intraday high. The Reserve Bank of India (RBI) intervened in the foreign exchange market to safeguard rupee from runaway depreciation, according to forex traders.

The Indian currency settled 73 paise stronger against US dollar at 88.07. It has emerged as the best performing Asian currency with 0.82% appreciation against the greenback.

During the session, the rupee jumped 81 paise to near one-month high of 87.99. The domestic unit

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