Mumbai : The rupee appreciated by 11 paise to 65.25 against the dollar on Tuesday as rising risk appetite pushed back the US currency amid a higher opening in domestic equities.
The risk-on approach pushed exporters and banks increasingly away from the dollar.
The greenback ran out of luck overseas too, snapping its winning streak, as it fell against major peers.
The rupee uptrend got a leg-up from a positive opening in the local stock market, according to traders.
On Monday, the domestic unit ended marginally up by 2 paise at 65.36 against the American currency in a highly fluctuating trade.
The benchmark BSE Sensex on Tuesday rose further by 110.72 points, or 0.34 per cent, to 31,957.61.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
