Rupee rises 14 paise to 96.28 against U.S. dollar in early trade
The Indian rupee rose 14 paise to 96.28 against the U.S. dollar in early trade, supported by positive sentiment in domestic equity markets. Despite this gain, heavy outflows from Foreign Institutional Investors and rising global crude oil prices limited further appreciation. Forex traders noted that tensions in West Asia also contributed to the rupee's volatility.