India, Oct. 6 -- The Indian rupee appreciated five paise to 88.74 against the US dollar in early trade on Monday, supported by a positive trend in domestic equities and IPO-related inflows.
According to forex traders, the local currency is moving in a narrow range, as gains are capped by continued foreign capital outflows and geopolitical uncertainties.
At the interbank foreign exchange market, the rupee opened at 88.75 and later firmed up to 88.74, marking a modest improvement from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....