The rupee gained 9 paise to 88.51 against the US dollar in early trade on Wednesday, supported by lower crude oil prices even as volatile equity markets across the globe weighed on investor sentiment.

The rupee also faced pressure due to a strong American currency as well as withdrawal of foreign capital from domestic stock markets, forex traders said.

At the same time, investors were concerned about the progress on the proposed India-US trade deal and the domestic PMI data to be released later this week.

At the interbank foreign exchange market, the rupee opened at 88.57 and gained further to trade at 88.51 against the greenback in initial deals, up 9 paise from its previous closing level.

On Tuesday (November 18), the rupee settled 1 paisa lower at 88.60 against the US dollar.

Meanw

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