India, Dec. 19 -- The Indian rupee strengthened in early trade on Friday, appreciating 24 paise to trade at 89.96 against the US dollar, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the recovery in the USD/INR pair comes after the rupee touched a series of record lows in recent weeks, with likely intervention by the Reserve Bank of India aiding the currency.
Additionally, crude oil prices hovering around the USD 59 per barrel mark further supported market sentiment.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....