Rupee rises 17 paise to 68.86 vs USD in early trade

DN Bureau

The rupee opened on a strong note and rose 17 paise to 68.86 against the US dollar in early trade Monday tracking gains in domestic equities, even as crude oil prices firmed up.

Representational Image
Representational Image

Mumbai: The rupee opened on a strong note and rose 17 paise to 68.86 against the US dollar in early trade Monday tracking gains in domestic equities, even as crude oil prices firmed up.

Forex traders said, rupee appreciated on reports that Chinese President Xi Jinping and his American counterpart Donald Trump at the G20 summit have agreed to re-launch the stalled negotiations to end the trade war.

Brent crude futures, the global oil benchmark, rose 2.60 per cent to trade at USD 66.42 per barrel.

Domestic bourses opened on a bullish note Monday with benchmark indices Sensex trading 237.78 points higher at 39,632.42 and Nifty up 67.05 points at 11,855.90. (PTI)
 

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