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Rupee rises 19 paise to 70.98 vs USD in opening trade

Rupee rises 19 paise to 70.98 vs USD in opening trade
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Mumbai,(PTI) The rupee appreciated by 19 paise to 70.98 against the US dollar in opening trade Monday, driven by weakening of the greenback in overseas markets and easing crude prices.

The rupee opened strong at 70.99 at the interbank forex market then gained further ground and touched 70.98 amid easing crude prices, displaying gains of 19 paise against the greenback over its last close.

The rupee Friday weakened by 10 paise to close at 71.17 against the US dollar.


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