Rupee Rises 13 Paise to 73.36 Against US Dollar in Early Trade

The rupee strengthened by 13 paise to 73.36 against the US dollar in opening trade on Wednesday, supported by positive domestic equities and weak American currency. At the interbank forex market, the domestic unit opened at 73.39 and gained further ground to touch 73.36, registering a rise of 13 paise over its previous close.

On Tuesday, the rupee depreciated by 12 paise to close at 73.49 against the US currency. “The risk sentiment continues to remain upbeat on Democrat leader Nancy Pelosi’s optimistic comments on the stimulus deal which seems to suggest Democrats and Republicans have reached a consensus on most aspects barring a couple of issues like state and local aid and assistance to working families,” said Abhishek Goenka, Founder and CEO, IFA Global.