Rupee rises 20 paise to 94.20 against US dollar in early trade (opens original article in a new tab)

The rupee rose 20 paise to 94.20 against the US dollar in early trade amid optimism about India-US trade negotiations, while the dollar index and Brent crude showed mixed movements and equity markets declined.

• Rupee appreciated 20 paise to 94.20 against US dollar in early trade
• Indian Foreign Secretary mentioned trade negotiations between India and US are progressing
• RBI is using dollar inflows to rebuild forex reserves and reduce forward dollar book
• Dollar index rose 0.08% and Brent crude fell 0.85% in futures trade
• Sensex and Nifty declined in early trade with foreign institutional investors selling equities