Rupee rises 27 paise to 86.52 against US dollar during early trade

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Rupee rises 27 paise to 86.52 against US dollar during early trade - Business Standard

Quick Summary:

The rupee sustained its recovery from lowest level for the second straight session and appreciated 27 paise to 86.52 against the US dollar on Wednesday supported by easing crude oil prices and measures by the Reserve Bank.

However, rupee's gain was capped by the volatile domestic equity markets, outflow of foreign funds and strengthening American currency amid concerns over the worldwide tariff war, forex traders said.

On Tuesday, the rupee appreciated 66 paise, logging the maximum single-day gain since March 3, 2023, to close at 86.79 against the US dollar.