Mumbai: The rupee appreciated 18 paise to 85.56 against the US dollar in early trade on Friday, as sustained foreign fund inflows provided support to the local unit. Forex dealers said over the past four days, foreign investors have pumped over USD 2 billion into Indian equities, while month-to-date inflows into Indian bonds have exceeded USD 3 billion. However, sharp upside for the local unit was restricted as investors grappled with the potential economic impact of growing global trade
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