Rupee rises 13 paise to 95.65 against US dollar in early trade

Mumbai: The rupee appreciated 13 paise to 95.65 against the US dollar in early trade on Tuesday supported by a pullback in crude oil prices and positive domestic market sentiment.

Forex traders said the rupee opened positive this morning with Brent crude retreating from elevated levels on easing immediate supply concerns, as Saudi Arabia increased exports through the Strait of Hormuz and markets were hopeful of partial restoration of the damaged East-West pipeline.

At the interbank foreign exchange market, the rupee opened at 95.75, then touched 95.65 against the American currency, registering a gain of 13 paise from its previous close.