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Rupee rises 13 paise to 71.67 vs dollar in early trade

MUMBAI: The rupee liked by way of 13 paise to 71.67 towards the United States greenback in opening industry Tuesday, driven by way of sure opening in home equities and weakening of the buck in in another country markets.

Forex dealers mentioned traders have been wary ahead RBI's Monetary Policy Committee end result scheduled for February 7. However, promoting of the American foreign money by way of exporters supported the rupee.

The rupee opened sturdy at 71.72 at the interbank forex marketplace then gained further ground to touch 71.67 consistent with greenback amid sure opening in home equities, exhibiting positive aspects of the 13 paise towards the buck.

On Monday, the rupee had plunged by way of 55 paise to close at 71.80 towards the United States greenback.

Forex buyers mentioned, sustained overseas fund outflows and surging crude oil costs limited the rupee up transfer.

Foreign funds pulled out Rs 112.13 crore from the capital markets on a internet basis, while home institutional traders offered stocks price Rs 65.22 crore Monday, provisional data confirmed.

Meanwhile, brent crude, the global benchmark, used to be trading upper at 62.79 consistent with barrel upper by way of zero.45 consistent with cent.

The benchmark BSE Sensex used to be trading with positive aspects of 29.40 issues, or zero.08 consistent with cent to quote at 36,612.14 while the NSE Nifty used to be trading at 10,920.75, up 8.50 issues, or zero.08 consistent with cent.

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