
Rupee rises 12 paise to 85.86 against USD
MUMBAI [Maha Media]:The rupee appreciated 12 paise to 85.86 against the US dollar in early trade on Monday, as strong domestic inflows provided the much-needed support.
However, lurking risks -- ranging from crude oil prices to liquidity constraints -- continue to pose challenges for the local unit, forex traders said.
At the interbank foreign exchange, the rupee opened at 85.93 against the greenback, then gained some ground and touched 85.86, up 12 paise from its previous close.