The Indian Rupee was trading higher against the US dollar on Tuesday as dollar demand eased by exporters and banks, while the gains from local equity market also boosted Indian currency. According to forex dealers, weakness in dollar against major currencies overseas also boosted the rupee.
At the Interbank Foreign Exchange Market, the local currency was up by 03 paise at 65.01 per dollar against a previous close of 65.04 per dollar at 12:40 hours. During the day’s trade so far, the rupee touched an intra-day high of 64.93 after making positive opening at 64.98. Adding to it, firmness in the domestic equity market also boosted Rupee upward movement.
Meanwhile, the BSE SENSEX was trading at 32627.48, up by 120.76 points or by 0.37 per cent, and the NSE Nifty was at 10220.15, up by 35.3 points or by 0.35 per cent.