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Rupee Surges 25 Paise Against US $ In Early Trade


Mumbai: The rupee surged by 25 paise to 69.64 against the US dollar in early trade on Tuesday, amid sustained foreign fund inflows and weaker greenback against key rival currencies overseas.

Besides, selling of US dollar by exporters and banks also strengthened the rupee. The US dollar index, which indicates the value of the American currency to other foreign currencies, was lower by 0.17 per cent at 97.012.

On Monday, the domestic unit had appreciated by 25 paise to close at 69.89 against the US dollar.

At the Interbank Foreign Exchange, the rupee opened at 69.73 against the US dollar and further touched 69.64, showing a rise of 25 paise over the previous close.

Meanwhile, Brent crude futures, the global oil benchmark, rose 0.39 per cent to quote at $66.84 per barrel.

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