The rupee rose sharply by 119 paise to 90.30 against the US dollar in early trade after the US cut tariffs on Indian goods to 18 per cent. Forex traders said the move could improve FII interest in Indian markets.
The rupee is expected to trade in a range of 86.35-75 as the market gives opportunity for both exporters and importers to sell and buy their currencies: Anil Kumar Bhansali