Rupee rises 25 paise to 86.80 against US dollar in early trade
Mumbai, Mar 17 (PTI) The rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side. Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee’s recovery. However, global risk sentiment and oil price movements will play a crucial role in determining the next leg of the rupee’s trajectory. At the interbank foreign exchange, the rupee opened at 86.90 against the greenback, then