The rupee rose by five paise to 88.63 per dollar in early trade on Friday amid softening of global crude oil prices and foreign capital investment in domestic stock markets.
In the interbank foreign exchange market, the rupee opened at 88.67 per dollar and rose slightly to 88.63 per dollar in early trade, showing an increase of five paise over the previous closing price. The rupee had closed 20 paise down at 88.68 per dollar on Thursday.
Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, rose 0.01 per cent to 100.09. In the domestic stock markets, Sensex fell by 172.32 points to 85,460.36 points in early trade and Nifty fell by 59.35 points to 26,132.80 points.
International standard Brent crude fell 1.29 percent to $ 62.56 per barrel. According to stock market data, foreign institutional investors (FIIs) were buyers on Thursday and bought shares worth a net Rs 283.65 crore.
