Forex traders said a weak US currency in the international market also helped the rupee.
Forex traders said a weak US currency in the international market also helped the rupee.
The rupee rose by 4 paise to 75.69 against the US dollar in early trade on March 30 following a rally in domestic equities. Hope for success in Russia-Ukraine talks,
Forex traders said a weak US currency in the international market also helped the local unit.
However, a rise in global crude oil prices limited the gains of the domestic currency, he said.
At the interbank forex, the rupee opened stronger at 75.65 against the US dollar, but lost some ground to bid at 75.69, a rise of 4 paise from the previous close.
In the morning trade, it was trading in the close range of 75.69 and 75.62.
In the previous session, the rupee had closed at 75.73 against the greenback.
Meanwhile, global oil benchmark Brent crude futures rose 1.02% to $111.35 a barrel.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.24% to 98.20.
On the domestic equity market front, 30-share Sensex was trading 471 points or 0.81% higher at 58,414.94 While the broader NSE Nifty rose 125.65 points or 0.73% to 17,450.95.
After Tuesday’s talks between the officials of Ukraine and RussiaMoscow announced that it would reduce military operations near Kyiv and Chernihiv.
Foreign institutional investors were net buyers in the capital market on Tuesday as they bought shares worth Rs 35.47 crore, according to stock exchange data.