The rupee appreciated 10 paise to 87.59 against the US dollar in early trade on Thursday, aided by a weaker dollar index and a decline in Brent crude prices.
Forex traders said the Reserve Bank of India (RBI) also intervened to prevent the local currency from breaching its record low, lending further support. However, foreign fund outflows and weak domestic equities capped sharper gains, as an additional 25% US tariff on Indian goods came into effect on Wednesday.