Business

Rupee Rises 6 Paise To 83.08 Against US Dollar In Early Trade

The rupee stayed on upward track for the third straight session and rose 6 paise to 83.08 against the US dollar in early trade on Tuesday amid a weak American currency and favourable crude oil prices.

Domestic currency opened strong at 83.07

A positive cue from domestic equity markets and sustained buying by foreign institutional investors also supported the Indian currency, forex traders said. At the interbank foreign exchange, the domestic currency opened strong at 83.07 and rose to the level of 83.04 against dollar in initial deals. The local unit then traded at 83.08 against the greenback, registering a rise of 6 paise from its previous close.

Investors to keep a close watch on domestic inflation

The domestic currency settled 1 paisa higher at 83.14 on Monday, a day after gaining 9 paise on Friday. Analysts said investors will keep a close watch on domestic inflation numbers as well as the data from the US to be released later this week. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.07 per cent lower at 101.85 on Monday. Brent crude futures, the global oil benchmark, rose 0.33 per cent to USD 76.37 per barrel.

(FIIs) bought shares worth Rs 16.03 crore

In the domestic equity market, 30-share benchmark Sensex was trading 463.29 points, or 0.65 per cent, higher at 71,818.51 points. The broader Nifty surged 146 points, or 0.68 per cent, to 21,659 points. Exchange data showed that foreign institutional investors (FIIs) bought shares worth Rs 16.03 crore on Monday, a day after purchasing equities worth Rs 1,696.86 crore in the preceding session.

Also Read: 25 killed and 6 injured in collision between minibus and truck in Brazil’s northeast

Bharat Express English

Recent Posts

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

8 mins ago

Gautam Adani, Family Participate In Puri Rath Yatra; Launch Massive ‘Prasad Seva’ Initiative

Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…

46 mins ago

PM Modi, Leaders Pay Tribute To Former PM PV Narasimha Rao On Birth Anniversary

PM Narendra Modi on Saturday paid tribute to former Prime Minister PV Narasimha Rao on…

1 hour ago

Gautam Adani Hails Divine Experience At Rath Yatra; Praises Odisha’s Graceful Management

Gautam Adani conveyed profound spiritual emotions after witnessing the revered Rath Yatra of Lord Jagannath…

1 hour ago

Punjab’s Litchis Reach Middle East Markets In Boost To India’s Fruit Exports

In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…

2 hours ago

Dalal Street Sees Strong Activity Of IPOs In June As Market Sentiment Improves

India’s primary market experienced a surge in activity in June 2025 as investor sentiment toward…

2 hours ago