The US dollar index fell 0.04 percent to 101.88. (file)
Mumbai:
The rupee appreciated by 20 paise to 81.50 against the American currency in morning trade on Wednesday as the dollar weakened in global markets.
Early losses in domestic equities and a rise in oil prices, however, limited the rupee’s gains.
At the interbank foreign exchange, the rupee opened at 81.62 and touched a high of 81.49 in morning trade.
At 0950, the rupee was trading at 81.50 against a dollar. The local currency had closed at 81.70 on Tuesday.
The US dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.04 per cent to 101.88.
Brent crude was trading down 0.43 per cent at $86.48 a barrel, while oil for the Indian basket was down 2.69 per cent at $79.98 a barrel.
On the domestic equity market front, the 30-share BSE Sensex closed at 60,709.93, down 268 points or 0.44 per cent. The broader NSE Nifty closed at 18,028.05, down 90.25 points or 0.5 per cent.
Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, selling shares worth Rs 760.51 crore, according to exchange data.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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