In the previous session, the rupee had gained 29 paise to close at a one-month high of 74.42 against the US dollar.
The rupee rose 12 paise to 74.30 against the US dollar in early trade on December 31, tracking gains in domestic equity markets.
At the interbank foreign exchange, the rupee opened stronger at 74.35 against the US dollar, then climbed to 74.30, registering a rise of 12 paise from the previous close.
In the previous session, the rupee had gained 29 paise to close at a one-month high of 74.42 against the US dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.05% higher at 96.01. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 446.07 points or 0.77% higher at 58,240.39, while the broader NSE Nifty rose 143.40 points or 0.83% to 17,347.35.
Global oil benchmark Brent crude futures fell 0.39% to $79.22 a barrel.
Foreign institutional investors were net sellers in the capital market on December 30 as they sold shares worth Rs 986.32 crore, according to exchange data.
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