Rupee rises 21 paise to 70.64 against dollar in early trade amid higher opening in domestic equities, foreign fund inflows

Mumbai: The Indian rupee appreciated by 33 paise to 70.50 against the US dollar in early trade on Friday as gains in domestic equity market and positive developments on the US-China trade talk front strengthened investor sentiments.

Forex traders said the news that the US and China are very close to reaching a trade deal supported the local unit.

At the interbank foreign exchange the rupee opened at 70.54, then gained further ground and touched a high of 70.50, registering a rise of 33 paise over its previous close.