Rupee Appreciates 36 Paise At 69.70 Against US Dollar
Mumbai: The rupee strengthened by 32 paise to 69.70 against the U.S. dollar in opening trade on Tuesday, amid easing crude prices and weakening of dollar vis-a-vis some currencies overseas.
The rupee opened strong at 69.83 at the interbank forex market, then gained further ground to touch 69.70 per dollar, displaying gains of 32 paise against the greenback over its previous close.
The domestic unit, however, lost some gains and was quoted at 69.79 against the American currency, displaying gains of 23 paise over its last close.
On Friday, the rupee had rebounded by 23 paise to close at 70.02 against the U.S. dollar.
Brent crude, the global benchmark, was trading at 71.93 per barrel lower by 0.15%.
Meanwhile, the benchmark BSE Sensex opened on a cautious note and was trading at 38,927.35, down 139.98 points or 0.36%; while the NSE Nifty was trading 11,701.05, down 53.60 points or 0.46%.