Rupee higher by 24 paise to 71.75 versus USD in morning deals

Mumbai, Sep 7 The rupee was trading higher by 24 paise to 71.75 against the US money in late morning deals on Friday due to sustained bouts of dollar selling from banks and exporters.

Earlier, the rupee continued slightly higher at 71.95 against yesterday's end level of 71.99 a dollar at the interbank foreign exchange market here.

The rupee traded wide range as heavy dollar demand pulled down it to 72.04 just to be supported by good supply of dollars from Reserve Bank of India through banks which helped its recuperation, It was trading 71.75 at 1025 hours.

The local unit floated somewhere in the range of 72.04 and 71.75 amid morning deals.

Overseas, the US dollar moved in tight ranges against other real companions in early Asian trade, while facilitated against the yen after a report recommended that Japan would be the following nation with which US President Donald Trump will take up trade issues.

Then, the 30-share BSE Sensex is trading higher by 44.75 points, or 0.12 percent, at 38,287.56 at 1045 hours.