The Indian rupee opened 5 paise higher against the US dollar on Tuesday due to the general weakness in the US dollar. The opening rate for the local unit was 81.99 per dollar, compared to the previous close of 82.04.
The dollar index, reflecting the dollar’s performance against major currencies, hovered around a one-year low. Asian currencies showed strength during the day, despite most regional equities reporting slight declines.
On the previous trading day, the Indian rupee closed higher at 82.04 against the US dollar, marking a gain of 13 paise.
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