Rupee gains 3 paise to 86.58 against US dollar in early trade

MUMBAI: The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday on the back of softening American currency.

Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities, capping a significant recovery in the Indian currency, forex traders said.

At the interbank foreign exchange, the rupee opened at 86.60 and touched a high of 86.55 before trading at 86.58 against the greenback in initial deals, 3 paise higher from its previous close.