
Rupee rises 7 paise to 85.46 against USD
MUMBAI [Maha Media]: Rupee rose 7 paise to 85.46 against the US dollar in early trade on Thursday, supported by a weak American currency, a drop in global crude oil prices, and a positive opening in the domestic equity markets.
However, FII outflows capped further gains in the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 85.43 against the greenback before falling to 85.46, up 7 paise from its previous close. The rupee had settled at 85.53 against the US dollar on Wednesday.