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 strengthened for the fourth consecutive session, gaining 16 paise against the US dollar to close at 95.66. Positive domestic equity markets, foreign fund inflows and a weaker dollar supported the currency, while crude prices and global developments remained key factors
