India, Nov. 25 -- The rupee continued its recovery on Tuesday, appreciating 11 paise to 89.05 against the US dollar in early trade, aided by softening global crude oil prices.
However, forex analysts noted that the domestic currency still faces pressure from a strong US dollar, weak equity market sentiment, and ongoing foreign capital outflows.
At the interbank foreign exchange market, the rupee opened at 89.02 and later hovered around 89.05 against the greenback in initial trades, marking an 11-paise gain from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....