India, July 3 -- The Indian rupee appreciated 19 paise to 95.16 against the US dollar in early trade on Friday, supported by a pullback in the dollar index from its recent 15-month highs.
The domestic currency opened at 95.20 in the interbank foreign exchange market before strengthening further to 95.16, marking a gain from its previous close.
Forex traders noted that despite the softer dollar index and easing crude oil prices, the rupee continues to face pressure due to sustained dollar demand from importers and corporate hedgers.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....