Rupee rises 3 paise against US dollar in early trade
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The rupee advanced by 3 paise to 72.34 against the US dollar in opening trade on Tuesday, as easing crude oil prices and buying trend in equity markets lifted sentiment. The rupee"s gains were, however, restricted as investors turned a bit cautious due to rising US dollar amid foreign fund outflows. At the interbank forex market, the local unit opened flat at 72.37 against the US dollar, then gained some strength to quote at 72.34, a rise of 3 paise over its last close. In the previous session, the rupee had settled at 72.37 against the American currency.
