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Rupee furthers gains by 25 paise in early trade
The rupee strengthened its gains by 25 paise to 69.64 against the US dollar in early trade on Tuesday, driven by sustained foreign fund inflows and weaker greenback against key rival currencies overseas.
Mumbai: The rupee strengthened its gains by 25 paise to 69.64 against the US dollar in early trade on Tuesday, driven by sustained foreign fund inflows and weaker greenback against key rival currencies overseas.
The US dollar index -- a measure of the value of the American currency relative to a basket of key foreign currencies -- was lower by 0.17 per cent at 97.012.
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At the Interbank Foreign Exchange, the rupee opened at 69.73 against the US dollar and advanced to 69.64, showing a rise of 25 paise over the previous close.
Lok Sabha polls will be held over seven phases, beginning April 11, followed by counting of votes on May 23.
Also Read: Rupee appreciates 15 paise against US dollar
On Monday, the Indian currency advanced by 25 paise to close at 69.89 against the US dollar.
The BSE benchmark Sensex surged 303.92 points to 37,358.02 in opening trade on Tuesday, while the broader NSE Nifty was 91.35 points higher at 11,259.40. (PTI)