India, Aug. 6 -- The rupee appreciated by 15 paise to 87.73 against the US dollar in early Wednesday trade, supported by a weaker greenback as investors awaited the outcome of the Reserve Bank's Monetary Policy Committee (MPC) meeting.
However, gains in the local currency were limited due to rising global Brent crude prices and continued foreign institutional investor (FII) outflows, forex traders noted. Market participants also remained cautious ahead of the decision on US tariffs.
At the interbank foreign exchange, the rupee opened at 87.72 against the dollar, before easing slightly to 87.73 — up 15 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....