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Rupee rises 33 paise to 70.50 against USD in early trade
The Indian rupee appreciated by 33 paise to 70.50 against the US dollar in early trade on Friday as gains in domestic equity market and positive developments on the US-China trade talk front strengthened investor sentiments.
Mumbai: The Indian rupee appreciated by 33 paise to 70.50 against the US dollar in early trade on Friday as gains in domestic equity market and positive developments on the US-China trade talk front strengthened investor sentiments.
At the interbank foreign exchange the rupee opened at 70.54, then gained further ground and touched a high of 70.50, registering a rise of 33 paise over its previous close.
Also Read: Equity indices largely flat, auto and metal stocks gains
On Thursday, rupee had settled for the day at 70.83 against the US dollar.
The domestic unit, however, could not hold on to the gains and was trading at 70.53 against the dollar at 0937 hrs. Domestic bourses opened on a positive note on Friday with benchmark indices Sensex trading 269.32 points higher at 40,851.03 and Nifty up 72.95 points at 12,044.75.
Also Read: Equity indices largely flat, auto and metal stocks gains
Brent crude futures, the global oil benchmark, rose 0.72 per cent to trade at USD 64.66 per barrel.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.64 per cent to 96.77.(PTI)