The Indian rupee strengthened by 9 paise to reach 87.10 against the US dollar in early trading on Wednesday, supported by a weaker dollar and declining crude oil prices.
According to forex traders, the US dollar faced broad pressure as global markets reacted to President Donald Trump's tariff escalations, triggering a downward trend.
Despite this gain, experts caution that the rupee may face slight downward pressure amid ongoing concerns over a prolonged trade war impacting global financial markets.