Rupee gains 16 paise against US dollar in early trade
Updated : February 25, 2019 09:36 AM IST
Forex dealers said weakness in the dollar against some other currencies overseas as expectations of a trade deal between the US and China, and foreign capital inflows in the domestic equity markets supported the rupee.
At the interbank forex market, the rupee opened with strength at 71 and advanced further to quote 16 paise higher at 70.98 against the dollar.
On Friday, the rupee had gained 10 paise to end at 71.14 against the US dollar.