Rupee rises 31 paise to close at 85.31 against US dollar

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NEW DELHI: The rupee pared initial losses and jumped 31 paise to close at 85.31 (provisional) against the US dollar on Thursday, following a weak greenback against major crosses overseas and a decline in US treasury yields.

Forex traders said the dollar declined on weaker-than-expected ADP Non-Farm Employment data from the US.

A decline in global crude oil prices also supported the local unit, they added.

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