Rupee rises 15 paise to 68.81 against US dollar in early trade

Mumbai, Mar 26 The rupee strengthened by 15 paise to 68.81 against the US dollar in opening trade Tuesday on fresh selling of the greenback by exporters.

The weakening of the US dollar against some currencies overseas and a higher opening in domestic equity market, supported the local unit, a currency dealer said.

At the Interbank forex market, the rupee opened higher at 68.88 and strengthened further to 68.81 against the US dollar, higher by 15 paise over its previous close.

On Tuesday, the rupee almost flat at 68.96 per US dollar as members wanted to look out for the sidelines to see the result of RBI's first-ever rupee-dollar swap sell off.

Brent rough fates, the worldwide oil benchmark, was trading 0.09 percent up at USD 67.27 per barrel.

In the mean time, the benchmark BSE Sensex recuperated by 77.38 points, or 0.20 percent, to 37,886.29 in early trade Tuesday.

Foreign portfolio investors (FPIs) bought equities worth a net Rs 150.40 crore Monday, provisional data showed.