Rupee rises 9 paise to 87.79 against US dollar

MUMBAI: (Oct 24) The rupee rose 9 paise to 87.79 against the dollar in early trade on Friday, bolstered by a drop in global crude oil prices and optimism around an India-US trade deal.

However, FII outflows prevented sharper gains, forex traders said.

At the interbank foreign exchange, the rupee opened at 87.78 against the US dollar before dropping marginally to 87.79, down 9 paise from its previous close.