Rupee surges 21 paise to 73.90 against US dollar in early trade
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The rupee appreciated 21 paise to 73.90 against the US dollar in the opening session on Tuesday, tracking strong opening in domestic equities and weak American currency. Traders said investor risk sentiment improved amid growing hopes of an early rollout and efficacy of COVID-19 vaccines.
At the interbank forex market, the domestic unit opened at 74.10 against the US dollar, and then it gained ground to touch 73.90 against the greenback, registering a rise of 21 paise over its previous close.
On Monday, the rupee had appreciated 5 paise to settle at more than two-week high of 74.11 against the US dollar.
