The Indian rupee strengthened 7 paise to 93.70 against the US dollar in early trade on Wednesday, supported by steady foreign capital inflows, softer crude oil prices and improving geopolitical sentiment.
Forex market participants said foreign investors are gradually returning to domestic markets after months of cautious participation and significant outflows.
The rupee has emerged as one of Asia's best-performing currencies in FY27, with sustained foreign fund inflows likely to provide a cushion against external uncertainties.