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Rupee rises 13 paise to 69.24 against US dollar in early trade

Rupee rises 13 paise to 69.24 against US dollar in early trade

Rupee rises 13 paise to 69.24 against US dollar in early trade

MUMBAI: The rupee appreciated by 13 paise to 69.24 against the US dollar in opening trade on Friday, driven by easing crude oil prices and higher opening in domestic equities. Forex traders said the weakening of the greenback in overseas markets coupled with sustained foreign fund inflows aided the local unit. The rupee opened strong at 69.38 at the interbank forex market, then gained further ground and touched 69.24, displaying gains of 13 paise over its last close. The local unit however, pared some gains and was trading at 69.26, up 11 paise from its previous close at 0945 hrs.

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