Rupee rises 9 paise to 83.56 against USD
MUMBAI [Maha Media]: The rupee sustained its gaining streak for the third straight session and rose 9 paise to 83.56 against the US dollar in early trade on Friday buoyed by a firm domestic equity market and weakening American currency.
Lower crude oil prices also supported the Indian currency though the unit was weighed down by some outflow of foreign funds, forex traders said.
At the interbank foreign exchange market, the Indian currency opened at 83.63 and strengthened further to 83.56 against the greenback, trading 9 paise higher than its previous closing level.