Rupee rises 24 paise to 81.73 against US dollar in early trade

Mumbai: The rupee gained 24 paise to 81.73 against the US dollar in early trade on Monday amid a positive trend in domestic equities.

Forex traders said foreign fund inflows also supported the local unit.

At the interbank foreign exchange, the domestic unit opened at 81.85 against the dollar, then climbed to 81.73, registering a rise of 24 paise over its previous



close.

On Friday, the rupee closed at 81.97 against the US currency.

The forex traders said the rupee is likely to trade with a positive bias on improved global risk sentiments and fresh foreign fund inflows.

Moreover, weak crude oil prices and muted dollar index may also support the domestic currency, they added.