Rupee rises 14 paise to 86.93 against US dollar in early trade

MUMBAI: (Aug 21) The rupee appreciated 14 paise to 86.93 against the US dollar in early trade on Thursday, on positive domestic equities and a rise in risk-on sentiments.

Forex traders said the rupee is trading with a positive bias on a rise in risk appetite in the global markets amid hopes of peace between Russia and Ukraine.

Moreover, investors are awaiting cues on the geopolitical front as well as the US FED stance on interest rates.

Source: PTI News

Digitalmitra