Rupee rises 24 paise against U.S. dollar in early trade.

Rupee rises 24 paise against U.S. dollar in early trade.

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Johnson Cherian.
Extending its rising streak for the second day, the rupee appreciated 24 paise against the U.S. dollar to 69.58 in early trade on Tuesday amid weakness in the greenback against other currencies overseas.
The American currency witnessed selling by exporters and banks after the U.S. President Donald Trump accused China and Europe of manipulating their currencies and criticised the Federal Reserve for hiking interest rates, Forex dealers said.
On Monday, the rupee made strong comeback from its life-time low and ended with a gain of 33 paise at 69.82 on heavy dollar unwinding and a robust rally in domestic equities.
The benchmark BSE Sensex on Tuesday rose 124.21 points, or 0.32%, to hit its all-time high of 38,402.96 and NSE Nifty too scaled a new peak of 11,581.75 in early trade.

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