Rupee rises 10 paise to 96.65 against US dollar in early trade
The Indian rupee rose 10 paise to 96.65 against the US dollar in early trade. Forex traders noted that investors are awaiting action from the Reserve Bank of India regarding speculation on the USD/INR pair, with the Governor indicating a commitment to help the rupee reach its true value. Market reactions are expected as RBI's actions unfold.