Rupee rises 16 paise to 70.09 vs USD in early trade

DN Bureau

The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

Representational image
Representational image

Mumbai: The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee opened strong at 70.12 at the interbank forex market, then gained further ground to touch 70.09 per dollar, displaying gains of 16 paise against the greenback.  On Thursday, the rupee had settled at 70.25 against the US dollar.

The benchmark BSE Sensex was trading with gains of 150.56 points, or 0.39 per cent, at 38,864.41; while the NSE Nifty was trading at 11,692.05, up 50.25 points, or 0.43 per cent.

Meanwhile, brent crude, the global benchmark, was trading at 74.14 per barrel lower by 0.28 per cent.(PTI)
 

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