The Indian rupee strengthened by 11 paise to 91.57 against the US dollar in early trade on Wednesday, supported by a softer dollar index and positive sentiment following the landmark India–European Union trade agreement.
Forex traders said the local currency opened on a firm note as the dollar index retreated, while the long-awaited trade breakthrough with Europe provided additional comfort to market sentiment.
At the interbank foreign exchange market, the rupee opened at 91.60 per dollar and moved higher to 91.57, marking an 11-paise gain over its previous close.