Mumbai : The rupee appreciated 40 paise to 87.68 against the US dollar in early trade on Thursday, primarily driven by central bank intervention, a softer dollar index.Forex traders said other supportive factors like positive domestic equities, lower crude oil prices and renewed foreign fund inflows also boosted investor sentiments.

At the interbank foreign exchange market, the rupee opened at 87.76 and then gained ground and touched an early high of 87.68 against the US dollar, registering a gain of 40 paise from its previous close.On Wednesday, the rupee bounced back sharply by 73 paise to close at 88.08 against the US dollar on Wednesday, posting its biggest intraday gain in nearly four months. Read Also Tariffs Not A Threat To Domestically-Driven India: RBI Governor Sanjay Malhotr

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