Rupee gains 29 paise against dollar in early trade, but crude prices limit gains

On Wednesday, the Rupee saw an impressive rise of nearly 0.5% against the US Dollar, marking its highest point in six weeks. This boost was fueled by strong foreign currency inflows from the Jio IPO and positive movements in the equity markets. Nonetheless, high crude oil prices presented challenges for the domestic currency, with the dollar index inching up and Brent crude futures rising notably.