Rupee rises 32 paise to 69.70 versus US dollar in early trade

The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade on Tuesday, amid easing crude prices and weakening of the greenback vis-a-vis some currencies overseas.

The rupee opened strong at 69.83 at the interbank forex market, then gained further ground to touch 69.70 per dollar, displaying gains of 32 paise against the greenback over its previous close.

The local unit, however, pared some gains and was quoted at 69.79 against the American currency at 09:43 hrs, displaying gains of 23 paise over its last close.

The rupee had rebounded by 23 paise to close at 70.02 against the US dollar on Friday.