Mumbai: The Indian rupee recovered from its record closing low levels and appreciated against the US dollar in morning trade on Tuesday. As per market experts, the weakness of the American currency in the overseas market and positive domestic equities supported the local currency.
At the Interbank foreign exchange, the local currency opened 1 paise higher at 83.33 a dollar. It is now trading at 83.32, up by 2 paise . On Monday, the Indian rupee ended 7 paise lower at 83.34.
Also Read: 3-day super sale with up to 90% discounts announced in Dubai
The dollar index, which gauges the US currency’s strength against a basket of six currencies, was trading 0.21% lower at 103.21. According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the Indian capital market on Monday as they offloaded shares worth Rs 645.72 crore.
Post Your Comments