Rupee strengthens 20 paise to 94.79 against US dollar in early trade.
Context
What happened: The rupee rose 20 paise to 94.79 against the US dollar in early trade, after opening at 94.75 at the interbank foreign exchange market.
Key numbers: Rupee at 94.79, up 20 paise; opened at 94.75; previous close 94.99, up 18 paise on Thursday. Sensex fell 113 points to 74,187; Nifty dipped 27.20 points to 22,967.15. FIIs sold equities worth Rs 5,285.37 crore on Thursday.
Why it matters: Lower US treasury yields supported the domestic currency, while elevated crude oil prices and declining equity markets restricted the rupee's sharp gains.