Rupee rises 21 paise to 85.87 against US dollar

MUMBAI: The rupee gained 21 paise to 85.87 against the US dollar in early trade on Thursday, mainly due to a weakened greenback in the global markets.

However, a rise in global crude oil prices and FII outflows prevented sharp gains in the local unit, according to forex traders.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.27 per cent down at 97.41 after strengthening in the previous session.