Rupee rises 15 paise to 82.16 against U.S. dollar in early trade

The rupee gained 15 paise to 82.16 against the U.S. dollar in early trade on March 28 as the weakness of the American currency and a positive trend in domestic equities strengthened investor sentiments.

The rupee gained 15 paise to 82.16 against the U.S. dollar in early trade on March 28 as the weakness of the American currency and a positive trend in domestic equities strengthened investor sentiments.

At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then climbed to 82.16, registering a rise of 15 paise over its previous close.

On Monday, the rupee closed at 82.31 against the U.S. currency.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25% to 102.59.

Brent crude futures, the global oil benchmark, declined 0.42% to $77.79 per barrel.

"Indian Rupee is likely to trade higher for the last few days of the financial year on the back of year-end flows which is keeping the broader range of 81.80-82.50," CR Forex Advisors MD Amit Pabari said.

HDFC is set to raise ₹57,000 core through the bond issue which could support the rupee in the near term, he said.