The rupee entered its third week of rally and appreciated 6 paise to 83.46 against the US dollar in early trade on Monday, tracking positive momentum in domestic equity markets amid a massive inflow of foreign funds.

The Indian rupee appreciated 6 paise to 83.46 against the US dollar in early trade on Monday, driven by positive domestic equity markets and foreign fund inflows.

Indian rupee strengthens against the dollar due to Fed rate cut, positive domestic markets, and weakening greenback.

Indian rupee further extended its gain to 83.48 as inflows from various segments continued to hit the market, and the RBI’s presence was very small, just to curb the volatility with the dollar falling against most currencies.