Rupee gains 3 paise to 86.58 against US dollar during early trade

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The story "Rupee gains 3 paise to 86.58 against US dollar during early trade" was covered 18 hours ago by Business Standard, a news publisher based in India.

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Rupee gains 3 paise to 86.58 against US dollar during early trade - Business Standard

Quick Summary:

Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities, capping a significant recovery in the Indian currency, forex traders said.

At the interbank foreign exchange, the rupee opened at 86.60 and touched a high of 86.55 before trading at 86.58 against the greenback in initial deals, 3 paise higher from its previous close.

The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday on the back of softening American currency.