Rupee spurts 33 paise to 69.39 against US dollar

The rupee appreciated by 33 paise to 69.39 against the US dollar in opening trade on Monday, driven by strong gains in domestic equities and weakening of the greenback in overseas markets.

The rupee opened strong at 69.38 at the interbank forex market against previous close of 69.72 per dollar amid sustained foreign fund inflows and positive opening in domestic equities.

The rupee moved in range of 69.46 per dollar to 69.34 per dollar in early trade and was trading at 69.39, displaying strong gains of 33 paise against the greenback.

Forex dealers said, selling of the American currency by exporters supported the rupee.

On Friday, the rupee had ended higher by 48 paise at 69.72 against the US dollar in line with smart gains in domestic equities and uptrend in other emerging market currencies.

(with news agency inputs)