Rupee gains 8 paise against US dollar in early trade

DN Bureau

The rupee on Tuesday appreciated by 8 paise to 71.66 against the US dollar in early trade propelled by foreign capital inflows and gains in domestic equity market.

Representational Image
Representational Image

Mumbai: The rupee on Tuesday appreciated by 8 paise to 71.66 against the US dollar in early trade propelled by foreign capital inflows and gains in domestic equity market.

The domestic unit further moved up to trade at 71.66 following strong gains in equity markets.

Also Read: Sensex, Nifty open on a cautious note; IT stocks fall

The rupee had closed 3 paise higher at 71.74 in the previous session.

The BSE Sensex jumps over 200 points to hit record high of 41,100.82 in early trade. Similarly, the broader NSE Nifty scaled lifetime peak of 12,126.05 The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 98.28.

Also Read: Sensex ends 182 pts higher; RIL up 2 pc

Meanwhile, brent crude futures, the global oil benchmark, declined 0.05 per cent to USD 63.62 per barrel. (PTI)
 

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