Rupee rises 5 paise to 96.48 against U.S. dollar in early trade
The Indian rupee strengthened by 5 paise to 96.48 against the U.S. dollar in early trade, aided by potential intervention from the Reserve Bank of India. This rise follows a depreciation of 28 paise the previous day, when the rupee closed at 96.53. Forex traders noted that a weaker dollar provided some relief amid ongoing Foreign Institutional Investor outflows and negative sentiment in domestic equity markets.