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Rupee gains 6 paise against dollar in opening trade

MUMBAI: The rupee reinforced by means of 6 paise at 71.12 against the dollar in opening industry Tuesday, keeping up its upward development for the 6th directly day on endured selling of the US forex by means of exporters and banks.

Besides, optimism forward of index of industrial manufacturing (IIP) numbers for December and retail inflation for January, and the dollar weakening against any other currencies in another country, also supported the rupee, forex dealers stated.

A good opening within the home fairness marketplace gave the uptrend some momentum, they added.

The rupee opened lower at 71.21, but recovered to industry 6 paise higher at 71.12 against the dollar.

The benchmark BSE Sensex rose 22.20 points, or 0.06 in step with cent, to 36,417.23 in early consultation Tuesday.

On Monday, the rupee had ended higher by means of 13 paise to near at 71.18 against the dollar on easing crude oil prices, even as the greenback reinforced vis-a-vis different primary currencies.

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