India, Jan. 14 -- The rupee rebounded from lower levels, rising 11 paise to 90.12 against the US dollar in early trade on Wednesday, supported by softer crude oil prices and a retreat in the American currency in overseas markets.
According to forex analysts, domestic equity markets also showed resilience, although traders remained cautious amid ongoing geopolitical developments and ahead of US inflation data, which is expected to offer cues on the future policy stance of the Federal Reserve.
At the interbank foreign exchange, the rupee opened at 90.26, strengthened to an intraday high of 89.94, and was later trading at 90.12 against the greenback, marking a gain of 11 paise from the previous session's close.
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