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Rupee rises 35 paise to 72.65 against US dollar in early trade

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November 09, 2018 10:07


The rupee appreciated 35 paise to 72.65 against the dollar in early trade Friday, following US mid-tem election results and easing crude oil prices. Forex traders said the rise was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas.


They said the US mid-tem election results which showed Democrats wresting the House of Representatives from the ruling Republican party, also supported the rupee. The Democrats now have majority in the 435-member House, while Trump's party has retained majority in the 100-member Senate. -- PTI

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