Rupee strengthens 50 paise to 69.94 against US dollar
The rupee appreciated another 50 paise to breach the 70 per dollar-mark in opening trade Wednesday on persistent drop in crude prices amid fresh foreign fund inflows and sustained selling of the American currency by exporters and banks.
![Rupee strengthens 50 paise to 69.94 against US dollar Rupee strengthens 50 paise to 69.94 against US dollar](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/12/19/65051-indian-rupee-pti.jpg?itok=qV5lms6d&c=2cd821cd84c64bb56243b052cfc91909)
The rupee Tuesday rallied by a whopping 112 paise, its best single-day gains in over five years, to settle at 70.44 against the US dollar as softening crude oil prices eased concerns over India's current account deficit expansion. Image Source: PTI