Rupee strengthens to 89.92 against US Dollar in early trade

India, Jan. 7 -- The Indian rupee appreciated 26 paise to 89.92 against the US dollar in early trade on Wednesday, supported by a weaker greenback and a sharp decline in global crude oil prices.

At the interbank foreign exchange market, the rupee opened at 90.20 against the US dollar and gained momentum thereafter, rising to 89.92—up 26 paise from its previous close.

The domestic currency had already snapped a four-day losing streak on Tuesday, when it settled 12 paise higher at 90.18 against the American currency.

Published by HT Digital Content Services with permission from Dion Global Solutions Limited....