INR Vs USD on Tuesday: Rupee touched 72.30 against US dollar at its peak in first half of session.
The rupee (INR) rose as much as 15 paise against the US dollar in early trade on Tuesday. The rupee touched 72.30 against the greenback at its peak in the first half of the session, as against Monday's close of 72.75 - an all-time closing low. Increased selling of the American currency by banks and exports along with weakness in the dollar overseas provided support to the rupee, say analysts. The rupee dipped below the 72 mark earlier this month, amid a fresh bout of weakness in emerging market currencies and on current account deficit concerns due to soaring crude oil prices.