Rupee rises 6 paise to 85.51 against US dollar in early trade

MUMBAI: The Indian rupee rose 6 paise to 85.51 against the US dollar in early trade on Wednesday, aided by strong FII inflows and a decline in global crude oil prices.

The rupee could move within a range of 85.40-90 during the day, with the mid-month demand coming up for oil, defence, and government payments, forex traders said.

At the interbank foreign exchange, the rupee opened at 85.53 against the greenback before inching up to 85.51, higher by 6 paise from its previous close. The domestic unit rose 9 paise to settle at 85.57 on Tuesday. PTI