Finance
In early trade on Tuesday, the rupee regained 8 paise to 81.96 against the US dollar, owing to gains in local equities and a weak greenback in global markets.
At the interbank foreign exchange market, the native currency opened stronger at 82.02 per dollar. In the early going, it was trading in a narrow range of 81.95 to 82.02.
At 9.45 a.m., the rupee was trading at 81.96 against the US dollar, up 8 paise from the previous close of 82.04.
The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.07 percent to 102.63.
Crude oil price benchmark Brent crude was up 0.44 per cent at USD 74.51 per barrel.
“… 81.75-55 level appears more possible now, and we will switch to upside view if above 82.1 only,” Anand James, Chief Market Strategist at Geojit Financial Services, said.
The 30-share BSE Sensex rose 187.41 points, or 0.30 percent, to 63,157.41 points, while the wider Nifty rose 54.70 points, or 0.29 percent, to 18,745.90 points.
According to exchange statistics, Foreign Portfolio Investors (FPIs) were net sellers in the capital market on Monday, offloading shares worth Rs 409.43 crore.
Source:BS
