Indian rupee ends 2 paise higher at 60.93 Vs US dollar

MUMBAI, Sept 12 (PTI):  Snapping a two-day declining trend, the rupee Thursday managed to end two paise higher at 60.93 against the greenback after late dollar demand and negative cues from stocks washed out a major part of mid-session gains.
Dollar demand from importers and some banks on hopes of further rise in dollar value tracking talk of early interest rate hike by US Fed, mainly led the rupee to veer near its Wednesday's closing level of 60.95, a four-week low.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed better at 60.87 a dollar and immediately touched a low of 60.9450.
In previous two sessions, the rupee had tumbled 66 paise or 1.09 per cent.