Mumbai: The Indian rupee rose against the US dollar. The positive trend in the Indian stock market and the weakening of the US dollar supported the local currency.
The Indian rupee opened at 82.21 to the US dollar at the Indian Interbank exchange. It reached 82.08 during the trading session, a gain of 22 paise from the previous close. The local currency trades at 22.36 against the UAE dirham. On Monday, the Indian rupee depreciated by 11 paise to close at 82.30 against the US dollar.
Also Read: Loans Will Be Costlier As SBI Raises Lending Rate
The dollar index, which measures the U.S. currency’s strength against a basket of six currencies, rose 0.10 percent to 112.15. Foreign investors (FIIs) were net sellers in India’s capital markets, as they loaded stocks worth Rs 3.72 billion.