The Indian rupee has risen for the first time in five sessions, closing at 82.80 against the US dollar, up from its previous close of 82.8275, which it hit on Monday, its lowest since February 27. Investors have been boosted by hawkish comments from Federal Reserve officials, as well as progress made during debt ceiling talks. In recent weeks, India's central bank has boosted forex reserves in a bid to support the rupee. If the rupee falls to around the 83 level, analysts expect the bank to intervene in defence.