The rupee gained 18 paise to 87.34 against the US dollar in early trade, supported by positive domestic equities. Traders watch US economic data, August 27 tariffs, and Fed signals, while global oil and India’s forex reserves also showed gains.
Forex traders said the interim budget had a positive impact on the domestic currency as it highlighted a reduction in the fiscal deficit to 5.1 per cent of GDP for FY25.
At the interbank foreign exchange, the domestic unit opened at 72.96 against the dollar, then inched higher to 72.94, registering a gain of 3 paise over its previous close.