India, June 25 -- The Indian rupee appreciated by 31 paise to 94.24 against the US dollar in early trade on Thursday, supported by a continued decline in global crude oil prices, which have fallen below levels seen before the onset of the West Asia conflict.
The local currency also benefited from a weaker US dollar and positive sentiment in the domestic equity markets. However, persistent foreign institutional investor (FII) outflows capped further gains, according to forex traders.
In the interbank foreign exchange market, the rupee opened at 94.30 against the greenback and strengthened further to 94.24, compared with its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....