India, Oct. 15 -- The Indian rupee appreciated 31 paise to 94.86 against the US dollar in early trade on Thursday, supported by the continued impact of the Reserve Bank of India's structural foreign exchange interventions and liquidity-tightening measures.
Market participants attributed the currency's gains to central bank intervention and the unwinding of long dollar positions. However, persistent external macroeconomic pressures are expected to limit further appreciation, they said.
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