Today Rupee climbs 15 paise to 68.07 against dollar
The rupee climbed nearly 15 paise to 68.07 against dollar in early trade on Tuesday on account of selling of American currency by banks and exporters. Overall market sentiments are looking cautious ahead of the Reserve Bank of India's monetary policy review on Wednesday.
Meanwhile, domestic equity markets opened in the green following mixed global cues. The BSE Sensex opened 54.26 points, or 0.21 per cent, up at 26,403.36, while NSE Nifty opened 24.40 points, or 0.30 per cent, up at 8,153.15.
Rupee opened nearly 12 paise up at 68.09 against dollar. The local currency on Monday settled almost flat with negative bias at 68.21 against the US dollar.
Foreign portfolio investors stood net sellers in domestic equity markets on Monday as they sold shares worth Rs 125.25 crore with gross sales and gross purchases stood at Rs 2,157.42 crore and Rs 1,624.96 crore, respectively.
Rupee opened nearly 12 paise up at 68.09 against dollar. The local currency on Monday settled almost flat with negative bias at 68.21 against the US dollar.
Foreign portfolio investors stood net sellers in domestic equity markets on Monday as they sold shares worth Rs 125.25 crore with gross sales and gross purchases stood at Rs 2,157.42 crore and Rs 1,624.96 crore, respectively.
In the currency futures market, the most traded dollar-rupee December contract on the NSE ended at 68.34 on Monday. The December contract open interest fell 1.48 per cent from the previous day.
ICICI Securities in a research note said, "We expect the US dollar to gain support at lower levels. Utilise downsides in the dollar to go long on the US$INR pair."
Read More - Currency updates
ICICI Securities in a research note said, "We expect the US dollar to gain support at lower levels. Utilise downsides in the dollar to go long on the US$INR pair."
Read More - Currency updates
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