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Rupee gains in early trade to 89.92 vs US dollar, lower crude prices

The rupee strengthened 26 paise to 89.92 against the US dollar in early trade, supported by a softer greenback and falling global oil prices. The rupee snapped its four-day losing streak to appreciate 12 paise to settle at 90.18 against the American currency on Tuesday

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The rupee rose 26 paise to 89.92 against US dollar in early trade on Wednesday aided by a weaker greenback and a sharp drop in global crude oil prices.

At the interbank foreign exchange, the rupee opened at 90.20 against the US dollar but kept rising to trade at 89.92, up 26 paise from its previous close.

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