Rupee falls 9 paise to 94.50 against US dollar in early trade

What happened: The rupee opened at 94.50 against the US dollar, down 9 paise from its previous close, then recovered slightly to a high of 94.36 in early trade. Key numbers: Rupee opened at 94.50, previous close 94.41, early high 94.36. Brent crude up 2.04 per cent at USD 100.30 per barrel. Sensex rose 33 points to 79,343.06; Nifty declined 52.95 points to 24,477.40. FIIs bought equities worth Rs 14,974.68 crore on Thursday. Why it matters: Forex traders attributed the fall to overnight gains in crude oil prices and a recovery in the US dollar weighing on the domestic unit.

The rupee opened at 94.50 against the US dollar, down 9 paise from its previous close, then recovered slightly to a high of 94.36 in early trade.

Forex traders attributed the fall to overnight gains in crude oil prices and a recovery in the US dollar weighing on the domestic unit.