The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22% to 105.21. came on
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22% to 105.21. came on
The rupee rose 12 paise to 78.94 against the US dollar in early trade on Tuesday, supported by foreign fund inflows and a weaker greenback against key rivals overseas.
Besides, softening of crude oil prices strengthened the sentiment in the domestic forex market, dealers said.
At the interbank forex, the rupee opened sharply higher at 78.96 against the US dollar to bid for 78.94 in early deals and registered a rise of 12 paise over the previous close.
The rupee had closed at 79.06 against the US dollar in the previous session.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22% to 105.21.
Global oil benchmark Brent crude futures fell 1.05% to $98.98 a barrel.
On the domestic equity market front, the 30-share Sensex was trading 88.55 points or 0.15% lower at 58,026.95, while the broader NSE Nifty fell 35.65 points or 0.21% to 17,304.40.
Foreign institutional investors were net buyers in the capital markets on Monday, buying shares worth Rs 2,320.61 crore, according to exchange data.