Rupee Gains 18 Paise To 82.17 Per US Dollar As Crude Prices Ease

Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias.

The rupee rose 18 paise to 82.17 against the US dollar in early trade on Tuesday on easing crude oil prices. Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias.

At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then gained ground to touch 82.17, registering a rise of 18 paise over its previous close.

On Monday, the rupee settled at 82.35 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.21 per cent to 103.21.