Rupee Gains 23 Paise At 81.64 Against US Dollar, Sensex Soars 1123 Points In Opening Trade

Rupee appeared strong in opening trade on Tuesday as it gained 23 paise at 81.64 against US Dollar. Meanwhile, BSE Sensex gained 1123 points in opening trade at 57910 and NSE Nifty opened higher with a gain of 319 points at 17206 amid strong sentiments prevailing globally.

In share market, nearly all sectors appeared in green as Nifty Metal and Nifty PSU Bank indices surged higher in the range of 2% to 3% in morning trade.

Nifty Bank gained 2.54% at 38996, Nifty Pharma gained 0.42% at 13174. IndusInd emerged as the biggest gainer while Power Grid Corporation of India fell 0.45% at 209 apiece in morning trade.

Earlier on Monday, Rupee declined by 49 paise to close at 81.89 (provisional) against the US dollar amid heavy selling pressure in the domestic equities and a rise in crude oil prices weighed on the local unit.

In yesterday's trade, a stronger greenback against key rivals and persistent foreign fund outflows exerted pressure on the domestic currency, as per forex dealers' report.