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Read more: Jio Platforms' IPO-linked inflows boost rupee; elevated oil prices spur caution The currency traded in the range of 94.42 and 94.82 on Wednesday. It trimmed gains in the second half of the day, as oil prices rose 1.3% to more than $110 per barrel, according to Reuters. However, some mild intervention from the RBI helped the rupee close stronger than the 94.50 levels, traders said. A softer dollar index - 101.6 compared with 101.9 a day earlier - also helped. Read more: Sundaram Mutual Fund announces launch of Equity Ex-Top 100 Long Short Fund through its SIF platform Select "The gains in the rupee have been due to the Jio Platforms IPO and a softer dollar index. Now, the immediate support for the currency is at the 94.30 level, which was the high in September," said Dilip Parmar, a currency analyst at HDFC Securities. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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