Rupee gains 13 paise to 73.92 against US dollar in early trade
The rupee appreciated by 13 paise to 73.92 against the US dollar in opening trade on Tuesday, supported by the weakening of the American currency in the overseas market.
![Rupee gains 13 paise to 73.92 against US dollar in early trade Rupee gains 13 paise to 73.92 against US dollar in early trade](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/01/11/172337-rupee-reuters.jpg?itok=bKjYERP0&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
The rupee appreciated by 13 paise to 73.92 against the US dollar in opening trade on Tuesday, supported by the weakening of the American currency in the overseas market.
At the interbank foreign exchange, the rupee opened at 73.94 against the American dollar, then inched higher to quote 73.92, registering a rise of 13 paise from the last close.
In the previous session, the rupee had settled at 74.05 against the greenback.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent lower at 95.87.
"Rupee has risen above 74.00 with opening around 73.95 and flows continue to take rupee higher as importers are absent from the market as is RBI. The US FED may be in for a rate hike but that has overall not affected USDINR," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.
On the domestic equity market front, the 30-share Sensex was trading 37.9 points or 0.06 per cent lower at 60,357.73, while the broader NSE Nifty declined 14.65 points or 0.08 per cent to 17,988.65.
Global oil benchmark Brent crude futures rose 0.40 per cent to USD 81.19 per barrel.
Foreign institutional investors were net sellers in the capital market on Monday, as they offloaded shares worth Rs 124.23 crore, as per stock exchange data.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
11:20 AM IST