Rupee appreciates 35 paise to 71.43 against US dollar in early trade


MUMBAI: The Indian rupee appreciated by 35 paise to 71.43 against the US dollar in early trade on Wednesday.

At the interbank foreign exchange, the rupee opened at 71.47 then gained further ground and touched a high of 71.43, registering a rise of 35 paise over its previous close.

On Tuesday, the rupee had settled for the day at 71.78 against the US dollar.

However, the domestic unit could not hold on to the gains and was trading at 71.48 against the dollar at 1001 hrs.

Domestic bourses opened on a positive note on Wednesday with benchmark indices Sensex trading 42.70 points higher at 36,523.79 and Nifty up 27.30 points at 10,844.90.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose marginally by 0.04 per cent to 98.29.

Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 808.29 crore on Tuesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.22 per cent to trade at USD 64.41 per barrel.

The 10-year government bond yield was at 6.68 per cent in morning trade.

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