The Indian rupee appreciated by 8 paise to 85.58 against the US dollar in early trading on Tuesday, supported by a strong start in domestic equity markets and continued foreign capital inflows.
However, gains were limited due to rising global crude oil prices and a firm US dollar against major global currencies, according to forex dealers.
At the interbank foreign exchange market, the rupee opened at 85.62 and moved up to 85.58, marking an 8-paise gain from its previous close. On Monday, the domestic currency had settled 2 paise higher at 85.66 against the greenback.