Rupee rises 22 paise to 85.72 against USD

Rupee rises 22 paise to 85.72 against USD

MUMBAI [Maha Media]: The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback.

FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to settle at 85.94 against the US dollar on Monday.
 

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