Mumbai: The Indian rupee on Tuesday rose 15 paise to 73.59 against the US dollar in early trade on Tuesday, tracking weakness in the US currency in the overseas market.
At the interbank foreign exchange, the rupee opened at 73.74 against the dollar, then advanced 15 paise to 73.59 against its previous close.
On Monday, the rupee had closed at 73.74 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.09 per cent to 93.19.
Foreign institutional investors were net buyers in the capital markets on Monday as they bought shares worth Rs 92.54 crore, according to exchange data.
On the domestic equity market front, BSE Sensex was trading 73.95 points or 0.13 per cent lower at 58,416.98, while the broader NSE Nifty It fell 1.30 points, or 0.01 percent, to 17,395.60.
Meanwhile, global oil benchmarks Brent Crude futures rose 0.88 per cent to $74.57 per barrel.
According to Anil Kumar Bhansali, Head of the Treasury, Finrex treasure Advisors, starting Tuesday, the Federal Open Market Committee (FOMC) should give some direction to the limited market by tomorrow morning.
“Exporters should continue selling while importers may get an opportunity to buy below the level of 73.50,” Bhansali said.
At the interbank foreign exchange, the rupee opened at 73.74 against the dollar, then advanced 15 paise to 73.59 against its previous close.
On Monday, the rupee had closed at 73.74 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.09 per cent to 93.19.
Foreign institutional investors were net buyers in the capital markets on Monday as they bought shares worth Rs 92.54 crore, according to exchange data.
On the domestic equity market front, BSE Sensex was trading 73.95 points or 0.13 per cent lower at 58,416.98, while the broader NSE Nifty It fell 1.30 points, or 0.01 percent, to 17,395.60.
Meanwhile, global oil benchmarks Brent Crude futures rose 0.88 per cent to $74.57 per barrel.
According to Anil Kumar Bhansali, Head of the Treasury, Finrex treasure Advisors, starting Tuesday, the Federal Open Market Committee (FOMC) should give some direction to the limited market by tomorrow morning.
“Exporters should continue selling while importers may get an opportunity to buy below the level of 73.50,” Bhansali said.
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