Rupee Gains 18 Paise To 82.17 Per US Dollar As Crude Prices Ease

Mumbai:

The rupee rose 18 paise to 82.17 towards the US greenback in early commerce on Tuesday on easing crude oil costs. Foreign exchange merchants stated sustained overseas fund outflows and a weak development in home equities weighed on investor sentiments and restricted the appreciation bias.

On the interbank overseas alternate, the home unit opened at 82.20 towards the greenback, then gained floor to the touch 82.17, registering an increase of 18 paise over its earlier shut.

On Monday, the rupee settled at 82.35 towards the US greenback.

In the meantime, the greenback index, which gauges the buck’s energy towards a basket of six currencies, rose 0.21 per cent to 103.21.

Brent crude futures, the worldwide oil benchmark, fell 0.49 per cent to $79.26 per barrel.

Within the home fairness market, the 30-share BSE Sensex was buying and selling 353.74 factors or 0.58 per cent decrease at 60,393.57 factors. The broader NSE Nifty fell 82.55 factors or 0.46 per cent to 18,018.65 factors.

International Institutional Traders (FIIs) have been internet sellers within the capital market on Monday as they offloaded shares price Rs 203.13 crore, in accordance with alternate information.

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