Rupee at 2019 high, gains 22 paise against US dollar in early trade

The rupee appreciated by 22 paise to 69.12 against the US dollar in the early trade on Friday amid sustained fund infusion by overseas investors. 

The domestic unit on Thursday gained 20 paise to close at a seven-month high of 69.34 against the US dollar Thursday, extending gains for a fourth session in a row, on robust foreign inflows ahead of general elections.

The currency in the four sessions to Thursday has appreciated by 80 paise or 0.8 per cent on hopes of forex inflows. 

Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services, says the rupee is expected to weaken after