Rupee Rises 82 Paise To 94.96 Against US Dollar In Early Trade

RBI Measures To Curb Dollar Demand, Speculative Bets Support Rupee; Sensex Gains 305 PointsThe rupee appreciated 82 paise to 94.96 against US dollar in early trade on Tuesday, supported by various RBI measures aimed at reducing immediate dollar demand and curbing excessive positions in the foreign exchange market.Forex traders said measures including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions, are expected to reduce dollar demand in the spot market and curb speculative positions against the rupee.