The rupee appreciated by 8 paise to 88.62 against the US dollar in early trade on Thursday, supported by strong domestic equities and lower crude prices. However, selling by foreign investors limited larger gains, forex traders said.

Mumbai: The rupee appreciated 8 paise to 88.62 against the US dollar in early trade on Thursday amid a weak American currency and lower level of crude oil prices overseas.

Positive sentiment in domestic equity markets also supported the Indian currency even though selling pressure from foreign investors prevented a sharp gain, forex traders said.

At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the greenback in early deals, up 8 paise from its previous closing level.

The domestic unit had se

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