India, April 16 -- The Indian rupee strengthened by 6 paise to 93.27 against the US dollar in early Thursday trade, supported by easing crude oil prices and a weaker US currency amid growing optimism of a West Asia truce.
Forex analysts noted that crude oil prices staying below the USD 95 per barrel mark provided positive sentiment for domestic markets. However, persistent foreign fund outflows and continued dollar demand from importers limited the rupee's sharp upside.
At the interbank foreign exchange market, the rupee opened at 93.29 and inched up further to trade at 93.27 against the greenback in early deals, marking a gain of 6 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global S...