Rupee At 2-Week High

The Indian rupee advanced by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade on Friday at the Interbank Foreign Exchange, reported news agency Press Trust of India (PTI). According to forex dealers, the dollar's weakness against some currencies overseas on easing trade war concerns supported the local currency today. A higher opening of the domestic equity market also reinforced the rupee today. Forex markets were closed on Thursday on account of Muharram.