India, June 19 -- The Indian rupee gained 20 paise to trade at 94.20 against the US dollar in early trading on Friday, supported by growing optimism over the progress of trade discussions between India and the United States.
Currency market participants noted that the rupee opened on a firm footing, aided by stable crude oil prices and improving foreign capital inflows. Traders expect the domestic currency to maintain a positive bias in the near term.
The sentiment was further boosted after Foreign Secretary Vikram Misri stated that trade featured prominently in discussions between Prime Minister Narendra Modi and US President Donald Trump, with both leaders directing negotiators to expedite the finalisation of the proposed bilateral trad...