Indian rupee appreciated around 5 paise in early trade on Tuesday on account of some selling of American currency by banks and exporters. Meanwhile, domestic equity markets opened on a flat note with marginal gains. The NSE Nifty opened 4.65 points, or 0.06 per cent, up at 8,131.55, while BSE Sensex opened 58.45 points, or 0.22 per cent, higher at 26,408.62.
The local currency opened nearly 4 paise higher at 68.73 against dollar. At 9.15 am, rupee was trading 5 paise up at 68.72.
Rupee on Monday settled 30 paise down at 68.77 against dollar on account of sustained foreign fund outflows. Foreign institutional investors, or FIIs, sold shares worth Rs 461.29 crore on November 28 with gross purchases and gross sales stood at Rs 3,770.32 crore and Rs 4,231.61 crore, respectively.
According to market experts, ongoing redemption pressure on foreign currency non-resident (FCNR) deposits also aided to the rupee fall.
The local currency opened nearly 4 paise higher at 68.73 against dollar. At 9.15 am, rupee was trading 5 paise up at 68.72.
Rupee on Monday settled 30 paise down at 68.77 against dollar on account of sustained foreign fund outflows. Foreign institutional investors, or FIIs, sold shares worth Rs 461.29 crore on November 28 with gross purchases and gross sales stood at Rs 3,770.32 crore and Rs 4,231.61 crore, respectively.
According to market experts, ongoing redemption pressure on foreign currency non-resident (FCNR) deposits also aided to the rupee fall.
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