The rupee gained 23 paise to 96.65 against the US dollar in early trade on Friday, supported by a softer dollar and suspected RBI intervention. Lower oil prices and gains in equities also shaped market sentiment amid continued foreign investor selling.
The rupee appreciated 15 paise to 95.32 against the US dollar in early trade as the dollar weakened and crude oil prices eased. Gains in domestic equities supported the currency despite foreign fund outflows and continuing tensions in West Asia
The rupee appreciated 19 paise against the US dollar in early trade as the dollar index eased from a 15-month high. However, traders said strong importer demand continued to weigh on the currency despite supportive global cues and lower crude oil prices
