Rupee strengthened 4 paise to 95.03 against US dollar in early trade.
Context
What happened: The rupee rose 4 paise to 95.03 against the US dollar in early trade, up from Tuesday's close of 95.07.
Key numbers: Rupee at 95.03, up 4 paise. Previous close 95.07. Brent crude up 1.37 per cent at USD 115.44 per barrel. Sensex fell 601.14 points to 72,997.55. Nifty fell 146 points to 22,604.80. FIIs bought equities worth Rs 4,240.39 crore on Tuesday.
Why it matters: Anuj Choudhary of Mirae Asset Sharekhan expects the rupee to trade with a slight negative bias on a positive dollar and weak Asian currencies, with elevated crude oil prices also keeping it under pressure.