Rupee rises 29 paise to 94.62 against U.S. dollar in early trade
The Indian rupee appreciated by 29 paise to 94.62 against the U.S. dollar in early trade on Wednesday. Analysts attributed this rise to foreign dollar inflows linked to the Jio IPO, which opened for public subscription, and positive domestic market sentiments. The Reserve Bank of India also intervened to manage U.S. dollar demand.