In the previous session, the rupee had closed at 75.45 against the greenback.
The rupee rose 15 paise to 75.30 against the US dollar in early trade on Tuesday as gains in domestic equities and a weak US currency in overseas markets boosted investor sentiment.
However, higher crude oil prices in the international market and unhindered outflow of foreign capital limited the rupee’s gains.
The rupee opened strong at 75.31 on the Interbank Foreign Exchange and touched 75.30 against the US dollar in early deals, registering an increase of 15 paise from the previous close.
In the previous session, the rupee had closed at 75.45 against the greenback.
On the domestic equity market front, the 30-share Sensex was trading 621.19 points or 1.09% higher at 57,368.33, while the broader NSE Nifty was trading 190.00 points or 1.12% higher at 17,102.25.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.09% to 96.24.
Global oil benchmark Brent crude futures rose 0.74% to $73.62 per barrel.
Foreign institutional investors remained net sellers in the capital markets on Monday as they sold shares worth Rs 3,361.28 crore, according to exchange data.
Meanwhile, the Indian economy is showing strong signs of recovery from the devastation caused by the pandemic, with 19 out of 22 economic indicators registering growth in comparison to pre-COVID levels.
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