Rupee rises for a 3rd day as crude falls

The Indian rupee climbed 15 paise to close at 94.56 against the US dollar, extending its winning streak to a third day. The rally was supported by a fall in crude oil prices to about $80 a barrel, a three-month low, and improving global risk appetite favouring emerging market currencies. Traders are now eyeing the US Federal Reserve policy announcement scheduled for June 17, while benchmark bond yields consolidated around 6.86%.