Rupee rises 12 paise to 70.80 against US dollar in early trade
The Indian rupee appreciated by 12 paise to 70.80 against the US dollar in early trade on Wednesday as positive opening in domestic equities and easing crude oil prices strengthened investor sentiments. At the interbank foreign exchange the rupee opened at 70.87, then gathered momentum and touched a high of 70.80 against the US dollar, registering a rise of 12 paise over its previous close. On Tuesday, rupee had settled for the day at 70.92 against the US dollar. The domestic unit however could not hold on to the gains…
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