- Campaign 'Amrit Generation’ Launched For Children Of 16 - 18 Years
- Stage Set For Pawan’s Poll Yatra
- IIT Kanpur, Silizium bagged MeitY's grant-in-Aid project for C2S programme
- Ranbir Kapoor to buy 10000 tickets of ‘Adipurush’ for underprivileged kids
- Hyderabad: Fish Prasadam to be distributed at Nampally Exhibition grounds tomorrow
- World Brain Tumor Day: Types, affects, symptoms & treatment
- Satya Sai Institute of Medical Sciences Awarded Environmental Management Award
- Chiranjeevi leaks some visuals and a bit song from “Bholaa Shankar”
- Jio Launches JioTag for Rs 749; JioTag vs Apple AirTag
- Gopichand Malineni launches ‘7:11 PM’ teaser
Rupee opens marginally higher against US dollar
The rupee edged 2 paise higher to 68.51 against the US dollar in early trade Tuesday ahead of the Federal Reserve's policy meet.
Mumbai:The rupee edged 2 paise higher to 68.51 against the US dollar in early trade Tuesday ahead of the Federal Reserve's policy meet.
Besides the greenback's weakness against some currencies overseas, increased selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.
A higher opening in the domestic equity market influenced the currency's movement, they added.
On Monday, the domestic unit had surged by 57 paise to close at an over seven-month high of 68.53 against the US dollar, also marking a sixth straight session of gains, driven by sustained foreign fund inflows and narrowing trade deficit.
On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 1,823 crore, while domestic institutional investors (DIIs) sold shares worth Rs 1,269 crore Monday, provisional data showed.
Meanwhile, the benchmark BSE Sensex rose 83.10 points, or 0.22 per cent, to 38,178.17 in early trade.