Rupee rises 38 paise to 82.75 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened strong at 82.75, registering a gain of 38 paise from its previous close. The rupee appreciated by 38 paise against the US dollar as the inclusion of India in the JPMorgan bond index boosted investor sentiment. India’s inclusion in a major global bond index will open doors to increased foreign investment in the nation’s debt market, traders said.

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