Rupee rises 22 paise to 89.45 against US dollar in early trade

MUMBAI: (Dec 22) The rupee appreciated 22 paise to 89.45 against the US dollar in early trade on Monday supported by foreign fund inflows and a positive trend in domestic equities.

Forex traders said corporate dollar inflows and Brent crude prices hovering near USD 60 per barrel supported investors sentiment further.

At the interbank foreign exchange market, the rupee opened at 89.53 against the US dollar, then gained some ground and touched 89.45 against the US dollar, registering a gain of 22 paise over its previous close.