India, Oct. 22 -- The Indian rupee appreciated by 27 paise to 70.87 against the US dollar in early trade on Tuesday as optimism about US-China trade talks and easing crude oil prices enthused investors.
At the interbank foreign exchange, the rupee opened at 70.90, then gained further ground and touched a high of 70.87 against the US dollar, registering a rise of 27 paise over its previous close.
On Friday, the rupee had settled at 71.14 against the US dollar.
Forex market was closed on Monday on account of assembly elections in Maharashtra.
The domestic unit however could not hold on to the gains and was trading at 70.91 against the dollar at 0949 hrs.
Forex traders said investors were optimistic about the US-China trade talks after US...