India, Feb. 6 -- The rupee strengthened by 11 paise to trade at 90.23 against the US dollar in early trade on Friday, supported by positive investor sentiment ahead of the Reserve Bank of India's Monetary Policy Committee (MPC) decision.
Forex traders said, however, that continued foreign institutional investor (FII) outflows, rising crude oil prices, and a slightly firmer dollar index limited further upside in the domestic currency.
At the interbank foreign exchange market, the rupee opened at 90.28 against the greenback and later appreciated to 90.23, marking a gain of 11 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....