Rupee ends 3 paise higher at 60.93

Snapping a two-day declining trend, the rupee on Thursday managed to end three paise higher at 60.93 against the greenback. Dollar demand from importers and some banks on hopes of a further rise in dollar value tracking talk of an early interest rate hike by US Fed, mainly led the rupee to veer near its previous closing level of 60.95. At the forex market, the rupee resumed better at 60.87 a dollar and immediately touched a low of 60.9450.