At the interbank foreign exchange market the rupee opened at 95.35, then touched 95.34, registering a gain of 3 paise from its previous close
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The rupee opened flat and gained three paise against the US dollar in early trade. Dollar demand from importers was negated by a weaker dollar index and improved risk sentiment. Lower oil prices and a softer US dollar also supported the rupee's movement. Market participants are now awaiting the upcoming RBI MPC decision and key US economic data. Foreign portfolio inflows into Indian equities provided additional support for the rupee.
