Mumbai, Oct 20 (PTI) The rupee appreciated 14 paise to a month's high of 87.88 against the US dollar in early trade on Monday on foreign fund inflows and lower crude oil prices.

Sharp gains in the domestic stock market also bolstered the rupee sentiment.

At the interbank foreign exchange market, the rupee opened strong at 87.94 and moved in a tight range due to restricted trade.

The rupee hit a low of 87.95 and a high of 87.88 in the early session.

The local unit later traded at 87.88 against the US dollar, up 14 paise over the previous close. On Friday, the rupee closed at 88.02 against the US dollar.

Stock and money markets are open on Monday. Stock exchanges will hold a special Muhurat trading session on Tuesday from 1.45 pm to 2.45 pm for Laxmi Pujan, according to notices by BSE a

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