India, April 18 -- The Indian rupee strengthened by 39 paise to 92.75 against the US dollar in early trade on Friday, supported by easing geopolitical tensions, positive domestic equity markets and fresh foreign fund inflows. At the interbank foreign exchange market, the rupee opened at 92.93 and advanced further to 92.75 against the greenback. On Thursday, the local currency had settled 19 paise higher at 93.14 per dollar.

The main trigger for the rupee's gains appears to be improving global risk sentiment after signs of possible de-escalation in West Asia.

Why Is the Rupee Rising Today?

Market participants tracked reports suggesting efforts to stabilise the region, including a 10-day ceasefire between Israel and Lebanon. China has al...