Rupee Vs Dollar: Rupee Appreciates 37 Paise To 81.30 Against US Dollar In Early Trade

The BSE Sensex gained 33 points at 57,189 and Nifty 50 fell 4 points at 17,011 in opening trade on Tuesday, September 27, 2022. Meanwhile, Indian Rupee gained 37 paise to 81.30 against US Dollar in morning trade as the US currency retreated from its higher levels.

However, yesterday the Indian Rupee plunged 58 paise to close at an all-time low of 81.67 against US Dollar.

At the interbank foreign exchange, the domestic unit opened at 81.45 against the dollar, then touched 81.30, registering a gain of 37 paise over its previous close, according to a PTI report.

According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee appreciated against the greenback as the dollar took a breather.
According to experts, focus will now shift to RBI's meeting this week, with its decision due on Friday, added the PTI report.

"Most Asian and emerging market peers have started mixed, but a positive start in the equity futures could aid sentiments. The dollar index was marginally weaker, while the Euro, Sterling and the Yen strengthened against the greenback in this Tuesday morning trade," Iyer said.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.36 per cent to 113.69, stated the PTI report.

Brent crude futures, the global oil benchmark, rose 0.57% to $84.54 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 176.91 points or 0.31 per cent up at 57,322.13 and the broader NSE Nifty rose 55.95 points or 0.33 per cent to 17,072.25.