Rupee rises 15 paise to 87.73 against US dollar

MUMBAI: (Aug 6) The rupee rose 15 paise to 87.73 against the US dollar in early trade on Wednesday amid a weakening greenback as markets awaited the outcome of the Reserve Bank’s MPC meet.

However, a rise in global Brent crude prices and FII outflows capped further gains in the local unit, forex traders said, adding that markets continued to wait for the outcome on the US tariffs.

At the interbank foreign exchange, the domestic unit opened at 87.72 against the US dollar before dipping marginally to 87.73, registering a rise of 15 paise from its previous close.