Rupee rises 2 paise to settle at 83.32 against US dollar

The rupee sustained its gaining momentum for the second straight session and settled 2 paise higher at 83.32 (provisional) against the US dollar on Wednesday boosted by robust buying in equity markets and inflow of foreign funds. A weak American currency against major rivals supported the domestic unit while an upward movement in crude oil prices ahead of the crucial meeting of oil-producing countries capped the gain in the rupee, forex traders said.