Currency Market News: Rupee rebounds 16 paise to 85.29 against US dollar
After a two-day losing streak, the rupee bounced back on Thursday, appreciating 16 paise to settle at 85.29 (provisional) against the US dollar, buoyed by a softer greenback and an overnight drop in global crude oil prices. Forex traders said the recovery in the domestic currency was supported by easing US Treasury yields and a…