Rupee Rises 23 Paise to 96.65 Against U.S. Dollar in Early Trade

The Indian rupee appreciated 23 paise to 96.65 against the U.S. dollar in early trade at the interbank foreign exchange market.

The recovery was supported by a softening dollar index near 102 levels and a decline in Brent crude prices to $103.39 per barrel.

Persistent geopolitical pressures and heavy foreign institutional investor outflows of ₹12,943.58 crore continued to weigh on the domestic unit.