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Rupee rises 10 paise to 87.59 against US dollar in early trade

However, FII outflows and weaker domestic equity markets prevented sharper gains in the local unit as an additional 25 per cent US tariffs on Indian products kicked in on Wednesday

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The rupee depreciated 13 paise to close at 87.69 against the US dollar on Tuesday. Representational Pic

The rupee depreciated 13 paise to close at 87.69 against the US dollar on Tuesday. Representational Pic

The rupee rose 10 paise to 87.59 against the US dollar in early trade on Thursday, supported by a weaker dollar index and easing Brent crude prices.

Additionally, the Reserve Bank of India (RBI) intervened to prevent the local unit from reaching its all-time low, thereby further supporting the local currency, according to forex traders.

However, FII outflows and weaker domestic equity markets prevented sharper gains in the local unit as an additional 25 per cent US tariffs on Indian products kicked in on Wednesday.

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