India, June 29 -- The Indian rupee appreciated 20 paise to 94.25 against the US dollar in early trade on Monday, supported by easing crude oil prices and improving foreign fund inflows.
The domestic currency opened at 94.36 in the interbank foreign exchange market before strengthening to 94.25, recovering from its previous close.
Forex dealers said lower crude oil prices and improving capital inflows continued to support the rupee. However, gains were capped by a firm US dollar and subdued global risk appetite, with the greenback remaining near a 13-month high.
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