Mumbai: The Indian rupee on Tuesday advanced 5 paise to 75.03 against the US dollar in early trade amid a positive trend in domestic equity markets.
At the interbank foreign exchange, the rupee opened at 75.05 against the dollar, then rose to 75.03, registering a rise of just 5 paise over its previous close.
On Monday, the rupee had closed at 75.08 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.10 per cent to 93.90.
“raw and USD The 10-year yield is stable. The Evergrande crisis has also subsided. The market is now waiting US Fed Have to say on November 3,” said Anil Kumar. Bhansali, Head of the Treasury, Finrex treasure Consultant.
Meanwhile, exporters can sell their near term exports closer to 75.15/20, while importers can buy near 74.90, Bhansali said, adding that “some inflow of two IPOs starting in the weekend is expected”.
Foreign institutional investors were net sellers in the capital markets on Monday as they offloaded shares worth Rs 2,459.10 crore, according to exchange data.
On the domestic equity market front, BSE Sensex It was trading 348.13 points or 0.57 per cent higher at 61,315.18, while the broader NSE Nifty was trading 115.15 points or 0.64 per cent higher at 18,240.55.
global oil benchmark, Brent Crude oil rose 0.24 percent to $86.20 a barrel.
At the interbank foreign exchange, the rupee opened at 75.05 against the dollar, then rose to 75.03, registering a rise of just 5 paise over its previous close.
On Monday, the rupee had closed at 75.08 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.10 per cent to 93.90.
“raw and USD The 10-year yield is stable. The Evergrande crisis has also subsided. The market is now waiting US Fed Have to say on November 3,” said Anil Kumar. Bhansali, Head of the Treasury, Finrex treasure Consultant.
Meanwhile, exporters can sell their near term exports closer to 75.15/20, while importers can buy near 74.90, Bhansali said, adding that “some inflow of two IPOs starting in the weekend is expected”.
Foreign institutional investors were net sellers in the capital markets on Monday as they offloaded shares worth Rs 2,459.10 crore, according to exchange data.
On the domestic equity market front, BSE Sensex It was trading 348.13 points or 0.57 per cent higher at 61,315.18, while the broader NSE Nifty was trading 115.15 points or 0.64 per cent higher at 18,240.55.
global oil benchmark, Brent Crude oil rose 0.24 percent to $86.20 a barrel.
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