India, Sept. 30 -- The Indian rupee gained 3 paise to 88.72 against the US dollar in early trade on Tuesday, supported by a decline in crude oil prices and positive domestic equity market sentiment.
However, gains were limited due to a slightly stronger greenback and continued foreign institutional investor (FII) outflows, according to forex traders. Market participants are also awaiting the Reserve Bank of India's Monetary Policy Committee decision scheduled for Wednesday.
At the interbank foreign exchange, the rupee opened at 88.73 before strengthening marginally to 88.72, up 3 paise from the previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....