Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move.
India News | Rupee Rises 8 Paise to 83 23 Against US Dollar in Early Trade latestly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latestly.com Daily Mail and Mail on Sunday newspapers.
Gold reserves rise $673 million to $52.16 billion during the week ended March 29; special drawing rights increase $73 million to $18.145 billion, Forex Update: India's Foreign Exchange Reserves Hit Fresh All-Time High of $645.58 Billion
The rupee was little changed at the opening time on Friday amid expectations that the country s central bank will intervene, which countered weak risk appetite, a stronger US dollar and rising oil prices.