Rupee rises 11 paise to 83.84 against US dollar

MUMBAI: The Indian rupee appreciated 11 paise to 83.84 against the US dollar in early trade on Monday, mirroring a positive momentum in domestic equities and fresh foreign fund inflows.

Forex traders said the weakening of the American currency in the overseas market and retreating crude oil prices also supported investor sentiments.

At the interbank foreign exchange, the rupee opened at 83.88 against the greenback, then gained ground and touched 83.84, registering a gain of 11 paise over its previous close.