Rupee rises 16 paise to 70.09 vs USD in early trade

Mumbai: The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee opened strong at 70.12 at the interbank forex market, then gained further ground to touch 70.09 per dollar, displaying gains of 16 paise against the greenback.  On Thursday, the rupee had settled at 70.25 against the US dollar.

Also Read | Rupee at 19-mth low; down 30 paise against US dollar

The benchmark BSE Sensex was trading with gains of 150.56 points, or 0.39 per cent, at 38,864.41; while the NSE Nifty was trading at 11,692.05, up 50.25 points, or 0.43 per cent.

Also Read | Sensex rises over 200 pts, Nifty reclaims 10,800 mark

Meanwhile, brent crude, the global benchmark, was trading at 74.14 per barrel lower by 0.28 per cent.(PTI)
 

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