Rupee Vs Dollar (INR vs USD): Rupee opened higher at 70.58 and rose further to quote at 70.44.
The rupee rose by 46 paise to 70.44 against the US dollar in early trade today amid softening crude oil prices, reported news agency Press Trust of India (PTI). Weakness in the American currency, the domestic equity markets trading in the green and sustained foreign fund flows lent support to the rupee, forex traders were quoted as saying in the PTI report. Gains in the rupee came even as global ratings agency Fitch said that it expects the rupee to fall to 75 a dollar by the end of next year. On Thursday, it had shed 44 paise to close at 70.90 a dollar.