Rupee rises 15 paise to 69.72 against US dollar in early trade

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MUMBAI: The rupee appreciated by 15 paise to 69.72 against the US dollar in opening trade on Friday.

 

“Easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee”, Forex dealers said.

The rupee opened strong at 69.78 at the interbank forex market then gained further ground to touch 69.72 per dollar, displaying gains of 15 paise against the greenback.

On Thursday, the rupee had settled at 69.87 against the US dollar.

Provisional data showed that Foreign funds infused Rs 1,664.74 crore in the capital markets on a net basis on Thursday.

The benchmark BSE Sensex was trading with gains of 267.63 points, or 0.67 per cent to quote at 40,099.60 while the NSE Nifty was trading at 12,033.30, up 87.40 points, or 0.73 per cent.

Brent crude, the global benchmark, was trading at 66.03 per barrel lower by 1.26 per cent.

 

With inputs from PTI

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