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The rupee appreciated by 5 paise to 83.11 against the US dollar (Dh22.64) in early trade on Wednesday, tracking a weak America currency and softening crude oil prices in the overseas market.
Some buying by foreign equity investors supported the Indian currency even though it was pressured by a subdued sentiment in the domestic equity markets, forex traders said.
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At the interbank foreign exchange market, the local unit opened stronger by 8 paise at 83.08 and then touched the lowest level of 83.11 against the greenback, registering a gain of 5 paise from its previous close.
China helped Asian stocks rise from 11-month lows…
