Indian rupee spurts to over 2-week high against US Dollar

Mumbai: The Indian rupee on Tuesday rose by 24 paise to settle at an over two-week high of 71.50 against the US dollar as persistent foreign fund inflows and hopes about US-China trade logjam breakthrough boosted forex market sentiment.

After starting off on a stronger note, the domestic unit further strengthened its position tracking a host of positive factors.

It traded in the range of 71.49-71.68, before settling at 71.50 a dollar, clocking a gain of 24 paise -- the biggest single-day rise since October 17.

The rupee gain was further strengthened by weakening of $ against the key rival currencies.