The Indian rupee appreciated by 8 paise to 83.89 against the US dollar in early trade on Friday, supported by rising domestic equities and a dip in the US dollar index. The rupee opened at 83.95 and touched 83.89. Market attention is on upcoming US CPI data, India’s CPI, WPI, IIP, and trade data. The RBI held key rates at 6.50%, with the rupee expected to trade in a narrow range. Stronger rupee and positive domestic market trends offer stability, impacting forex and equity investors.
