India, Aug. 19 -- The rupee strengthened by 19 paise to 87.20 against the US dollar in early trade on Tuesday, supported by optimism over domestic reforms and firm equities, even as external risks persist.
According to forex traders, the currency is finding support from the recent equity rally following major tax reforms announced by Prime Minister Narendra Modi. Additionally, suspected RBI intervention and easing concerns around the Ukraine-Russia conflict boosted investor sentiment.
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