Due to the rise in the domestic market, the rupee rose by one paisa to 82 against the US dollar.
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Forex traders said rise in crude oil prices and outflow of foreign funds from equity markets limited the rupee’s gains. At the interbank foreign exchange market, the rupee opened at 81.99 against the dollar.
Mumbai The rupee appreciated one paise to 82 against the US dollar in early trade on Tuesday amid a weakening dollar and a positive trend in domestic equity markets. Forex traders said rise in crude oil prices and outflow of foreign funds from equity markets limited the rupee’s gains. At the interbank foreign exchange market, the rupee opened at 81.99 against the dollar. It went up to a high of 81.96 and a low of 82.02 in later trade.
Till the time of writing the news, the rupee was trading at 82 with a gain of one paise over its previous closing price. The rupee had closed at 82.01 against the dollar on Monday. Meanwhile, the dollar index, which gauges the US dollar’s position against a basket of six major currencies, fell 0.08 per cent to 102.03. Global oil index Brent crude futures rose 0.28 percent to $85 per barrel.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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