However, a rise in crude oil prices limited the gains of the Indian currency.
The rupee appreciated by 17 paise to 75.73 against the US dollar in the opening session on Tuesday, December 21, 201, tracking heavy buying in domestic equities and a weak US currency in the overseas market.
However, a rise in crude oil prices limited the gains of the rupee, traders said.
At the interbank foreign exchange, the rupee opened stronger at 75.74 and traded higher at 75.73 against the US dollar in early deals, registering a rise of 17 paise over the previous close.
In the previous session, the rupee had closed at 75.90 against the greenback.
On the domestic equity market front, the 30-share Sensex was trading 720.07 points or 1.29 per cent higher at 56,542.08, while the broader NSE Nifty was trading 215.10 points or 1.29 per cent higher at 16,829.30.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.06 per cent to 96.49.
Global oil benchmark Brent crude futures rose 0.80 per cent to $72.09 a barrel.
Foreign institutional investors (FIIs) are net sellers in the capital market, pulling out Rs 3,565.36 crore on Monday, according to provisional data.
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