Rupee rises 6 paise to 83.46 against US dollar during early trade

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The story "Rupee rises 6 paise to 83.46 against US dollar during early trade" was covered 6 days ago by Business Standard, a news publisher based in India.

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Rupee rises 6 paise to 83.46 against US dollar during early trade - Business Standard

Quick Summary:

At the interbank foreign exchange market, the Indian currency opened at 83.44 and fell to 83.49 before trading again at 84.46 against the greenback, registering a gain of 6 paise higher than its previous closing level.

The rupee entered its third week of rally and appreciated 6 paise to 83.46 against the US dollar in early trade on Monday, tracking positive momentum in domestic equity markets amid a massive inflow of foreign funds.

However, an upward movement in the crude oil prices and a strengthening greenback against major overseas rivals capped a sharp rise in the Indian currency, forex traders said.