The Indian rupee advanced by 9 paise to 83.37 against the US dollar in early trade, buoyed by robust sentiment in the domestic stock markets and the dollar’s weakness against major currencies abroad. Despite foreign fund outflows and high crude oil prices, the rupee remained resilient. The dollar’s decline was influenced by the US Federal Reserve’s decision to maintain its key interest rate and concerns about inflation reaching its target. Market focus shifted to US non-farm payroll data and other economic indicators. India’s manufacturing PMI slightly dipped in April, yet indicated strong demand. The dollar index edged lower to 105.13, while Brent crude futures rose to USD 83.97 per barrel. In the equity market, the BSE Sensex surged 463.87 points, and the NSE Nifty climbed 136.65 points.