Mumbai: Rupee jumped 13 Paise to 73.90 against the US dollar in opening trading on Tuesday due to the inflows associated with the IPO and reduced the price of crude oil supported by local units.
In the interbank foreign exchange, the Rupee opened with a strong record of 73.92 against the dollar, then obtained further soil and touched 73.90 in the initial offer, 13 Paise’s rise during the previous match.
On Monday, Rupee has settled at 74.03 against the US dollar.
Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.09 percent to 93.96.
The Indian Rupee opened stronger on Tuesday because of concerns over the impact of the US Federal Reserve bond tapering and positive domestic factors were prioritized, said Sekuritas Reliance in a research record.
In addition, expectations of foreign inflows worth $ 2 billion into many early Indian public offering and signs of stabilization in oil prices have also raised sentiment.
However, the presence of the Indian reserve bank can provide an appreciation bias, the word word.
Global Oil Benchmark Brent Crude futures fell 0.13 percent to $ 83.32 per barrel.
In front of the domestic equity market, BSE Sensex traded 69.54 points or 0.11 percent lower at 60.476.07, while the nifty nifty which fell 10.70 points or 0.05 percent to 18057.85.
Investor foreign institutions are clean sellers in the capital market on Monday because they lowered shares worth Rs 860.65 Crore, according to data exchange.