
Rupee rises 9 paise to 86.43 against USD
MUMBAI [Maha Media]: The rupee appreciated 9 paise to 86.43 against the US dollar in early trade on Monday, tracking a softer greenback, though the upside for the local unit was limited as US-India tariff negotiations remained in focus.
Forex traders said the rupee was trading in a narrow range as the demand for dollar from importers continued to keep the American unit well bid against the rupee.
Moreover, the support from developing trade agreements was negated by the sustained foreign fund outflows, they said.