Rupee rises 25 paise to 86.80 against US dollar in early trade | Business News
The rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side.Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee’s recovery. However, global risk sentiment and oil price movements will play a crucial role in determining the next leg of the rupee’s trajectory. Story continues below this ad At the interbank foreign...