India, June 12 -- The Indian rupee witnessed strong gains in early trading on Friday, appreciating by 65 paise to 95.20 against the US dollar. The rally was supported by a decline in global crude oil prices following indications from US President Donald Trump that a potential agreement with Iran could be reached soon.
Additional support came from the weakness in the US dollar and upbeat sentiment in domestic equity markets. The rupee opened at 95.40 in the interbank foreign exchange market and extended its gains to touch 95.20 against the greenback during early trade.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....