The rupee appreciated by 5 paise to 90.67 against the US dollar in early Wednesday trade, supported by declining global crude oil prices and continued foreign institutional investor (FII) inflows.
Despite the positive momentum, gains in the domestic currency were limited due to a stronger US dollar and a weak opening in local equity markets, according to forex traders.
In the interbank foreign exchange market, the rupee opened at 90.60 before easing slightly to trade at 90.67 against the US dollar, marking a 5-paise rise from its previous close.