The Indian rupee appreciated by 10 paise to 92.41 against the US dollar in early trade on Friday, even as rising global tensions, particularly the US-Iran conflict, continue to pose risks to the USD/INR pair.
Forex traders expect heightened intra-day volatility, with the RBI’s deadline for banks to limit their overnight open positions to USD 100 million coming into effect today.
At the interbank foreign exchange market, the rupee opened at 92.58 per dollar and strengthened to 92.41 in initial trade, marking a 10 paise gain from its previous close.