The Indian rupee appreciated by 22 paise to 71.71 against the US dollar in early deals as some easing in global crude oil prices boosted forex market sentiments. The domestic unit started the session on a positive note and held its ground in early transactions at the Interbank Foreign Exchange.
The Indian rupee started the New Year on a positive note and rose 7 paise to 71.29 against the US dollar in early trade on Wednesday as optimism over the US-China trade deal strengthened investor sentiments. Forex traders said easing crude oil prices and higher opening in domestic equities also supported the domestic unit.
After rising 164 points, the 30-share BSE index trading 131.47 points or 0.32 per cent higher at 41,385.21. Also, the broader NSE Nifty rose 46.75 points or 0.38 per cent to 12,215.20.
The Indian rupee appreciated by 5 paise to 71.30 against the US dollar in early trade on Monday as higher opening in domestic equities and sustained foreign fund inflows strengthened investor sentiments. At the interbank foreign exchange the rupee opened at 71.36, then gained ground and touched 71.30, registering a rise of 5 paise over its previous close.
The Indian rupee opened on a positive note and rose 5 paise to 71.22 against the U S dollar in early trade on Thursday as steady rise in crude oil prices weighed on the investor community. At the interbank foreign exchange, the rupee opened at 71.26 then rose to 71.22 against the dollar, showing a rise of 5 paise over its previous closing.