Rupee rises 8 paise to 84.38 against USD
MUMBAI [Maha Media]: The rupee recovered from its lowest level and appreciated by 8 paise to 84.38 against the US dollar in early trade on Monday despite a stronger American currency and sustained outflow of foreign funds.
Lower level of crude oil prices in the international market supported the recovery of local unit, forex traders said.
At the interbank foreign exchange, the rupee opened at 84.42 and strengthened further to 84.38 against the greenback, trading 8 paise higher from its previous close.