Rupee rises 19 paise to 85.29 against USD

Rupee rises 19 paise to 85.29 against USD

MUMBAI [Maha Media]: The rupee strengthened by 19 paise to 85.29 against the US dollar in early trade on Friday on the back of lower crude oil prices and sustained foreign fund inflows.

Forex traders said a firm greenback and volatile stock markets capped the rupee's gain even as market participants stayed cautious ahead of the release of domestic GDP data.

At the interbank foreign exchange, the domestic unit opened at 85.35 and gained further to trade at 85.29 against the greenback in initial deals, registering a rise of 19 paise from its previous close.
 

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