Rupee Rallies 2 Paise as Dollar Index Slips

The Indian rupee has gained 2 paise to trade at 95.43 against the US dollar in early trade on Friday, backed by a weaker greenback overseas.

Despite this gain, the rupee remains under pressure due to foreign fund withdrawal from domestic equities and rising crude oil prices amid geopolitical uncertainties, according to forex traders.

The dollar index was trading 0.08 per cent lower at 99.78, while Brent crude rose 0.16 per cent to USD 87.21 per barrel in futures trade.