Rupee rises 14 paise against US dollar in early trade

Rupee rises 14 paise against US dollar in early trade

Mumbai, Jun 11 (PTI) The Indian rupee on Friday climbed 14 paise to 72.92 in early trade, tracking gains in the domestic equity market and weakness in the US currency.

In the interbank foreign exchange market, the domestic unit opened at 72.97 against the dollar, and then registered further gains to reach the level of 72.92, showing an increase of 14 paise over the previous close.

The rupee had closed at 73.06 against the US dollar on Thursday.

Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, was down 0.10 per cent at 89.98.

Global oil benchmark Brent crude futures were trading 0.34 per cent lower at $72.27 per barrel.

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