Rupee rises 33 paise to 81.77 against US dollar in early trade

The Indian rupee strengthened against the US dollar, reaching 81.77 in early trading, supported by foreign fund inflows and a bullish domestic stock market. The rupee is trading positively due to significant foreign investments and positive economic indicators. Experts predict that the rupee will trade between 81.90 and 82.20 throughout the day. Foreign Portfolio Investors have invested INR 47,148 crore ($6.3 billion) in Indian equities in June, the highest inflow in 10 months. Additionally, GST collections in June exceeded INR 1.60 lakh crore ($21.3 billion).