Mumbai | Extending its rising streak for the second day, the rupee appreciated 24 paise against the US dollar to 69.58 in early trade today amid weakness in the greenback against other currencies overseas.
The American currency witnessed selling by exporters and banks after the US President Donald Trump accused China and Europe of manipulating their currencies and criticised the Federal Reserve for hiking interest rates, forex dealers said.
Yesterday, 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 today rose 124.21 points, or 0.32 percent, 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.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
