Rupee rises 2 paise to 83.97 against US dollar in early trade

The Indian currency had traded on a flat note and settled at 83.96 (provisional) against the US dollar on Friday as surging crude oil prices amid volatile geopolitics weighed on the local unit.

Rupee rose 2 paise to 83.97 against the US dollar in early trade on Monday.

This comes after the Indian currency traded on a flat note and settled at 83.96 (provisional) against the US dollar on Friday as surging crude oil prices amid volatile geopolitics weighed on the local unit.

The Reserve Bank intervened to prevent the domestic currency from touching its lowest level.

More to follow...