Rupee Rises 14 Paise But Faces Dollar Dilemmas

In early trade on Friday, the rupee perked up by 14 paise to 96.28 against the dollar, thanks to some good vibes in the local markets. But wait! Heavy foreign outflows and rising oil prices kept it from flying higher. Analysts predict the rupee will stay cautious today, bouncing between 96.00 and 96.50 as the dollar index and oil prices play their games.