Rupee rises 11 paise to 89.05 against US dollar in early trade
Mumbai, Nov 25 (PTI) The rupee stayed on the recovery path and gained 11 paise to 89.05 against the US dollar in early trade on Tuesday, supported by lower crude oil prices in the international market. The Indian currency, however, remained under pressure due to a strong greenback, subdued stock market sentiment and withdrawal of foreign capital, forex analysts said. At the interbank foreign exchange market, the rupee opened at 89.02 and then traded at 89.05 against the greenback in initial deals, up 11 paise from its previous closing level. The rupee settled sharply higher by 50 paise at 89.16