The rupee strengthened by 10 paise to hit its two-month high level of 83.66 against the US dollar on Thursday after the US Federal Reserve cut the benchmark interest rate by 0.50 per cent, boosting investors' sentiment.

At the interbank foreign exchange market, the Indian currency opened at 83.70 and inched up to 83.69 before trading at 83.70 against the greenback, registering a gain of 6 paise from its previous closing level.

The Indian rupee strengthened against the US dollar in early trade on Thursday, driven by positive investor sentiment following the US Fed's interest rate cut and lower crude oil prices.

Rupee strengthens against dollar on lower oil prices, foreign fund inflows, despite greenback's gains and Fed rate cut.

The rupee appreciated 2 paise to 83.84 against the US dollar in early trade on Tuesday, helped by a weak greenback against major crosses overseas and lower crude oil prices in international markets.

At the interbank foreign exchange market, the local unit opened at 83.89 and witnessed an intraday high of 83.87 and a low of 83.90 against the American currency

The rupee appreciated by 6 paise to 83.70 against the US dollar, driven by positive investor sentiment following the US Federal Reserve's interest rate cut. Lower crude oil prices, strong domestic equity markets,

The Indian rupee appreciated by 2 paise against the US dollar in early trade on Tuesday, boosted by a weak greenback and lower crude oil prices.