Rupee rises against US dollar in early trade; IIP boost offsets FII outflows

The Indian rupee edged higher by 3 paise to 89.95 against the US dollar in early trade, buoyed by a weaker greenback and robust industrial output data. However, foreign fund outflows and a weak start in domestic equities capped sharper gains for the local currency.

Rupee rises against US dollar in early trade; IIP boost offsets FII outflows
The Indian rupee edged higher by 3 paise to 89.95 against the US dollar in early trade, buoyed by a weaker greenback and robust industrial output data. However, foreign fund outflows and a weak start in domestic equities capped sharper gains for the local currency.