Rupee surges 26 paise against US dollar in early trade

Updated: few hours ago

Mumbai, Oct 20 (PTI) The rupee appreciated 26 paise to 75.09 against the US dollar in opening trade on Wednesday, supported by lower crude prices and a weak American currency in the overseas markets.

At the interbank foreign exchange, the domestic unit opened strong at 75.10 against the US dollar and further strengthened to 75.09, showing a sharp gain of 26 paise against the previous close.

However, subdued domestic equity market and foreign fund outflows capped gains of the local unit, traders said.