
Rupee rises 16 paise against USD
Mumbai, May 14 (UNI) The rupee on Wednesday gained 16 paise to close positive at 85.26 against USD on brisk sell-off of the greenback by foreign banks and importers, dealers at the Forex Market said. The local unit that had rallied by 37 paise to 85.05 in opening session pared early gains during the day,…