The rupee gained some strength and was trading nearly 10 paise higher at 67.93 against the US dollar in early trade on Wednesday on some selling pressure in the American currency from domestic companies and banks.
Domestic equity indices Sensex and Nifty opened in the green, following firm global cues. The 30-share Sensex opened 60.90 points, or 0.23 per cent, higher at 26,368, while the 50-share Nifty opened 23.45 points, or 0.29 per cent, up at 8,105. The local currency opened at nearly 7 paise up at 67.96 against the dollar.
The rupee slipped by 16 paise to 68.03 against the greenback on Tuesday. Market watchers said sustained capital outflow kept the currency under pressure in Tuesday's session.
In the currency futures market, the most traded dollar-rupee December contract on NSE ended at 68.07 on Tuesday. The open interest on the December contract rose by 11.64 per cent from the previous day.
Domestic equity indices Sensex and Nifty opened in the green, following firm global cues. The 30-share Sensex opened 60.90 points, or 0.23 per cent, higher at 26,368, while the 50-share Nifty opened 23.45 points, or 0.29 per cent, up at 8,105. The local currency opened at nearly 7 paise up at 67.96 against the dollar.
The rupee slipped by 16 paise to 68.03 against the greenback on Tuesday. Market watchers said sustained capital outflow kept the currency under pressure in Tuesday's session.
In the currency futures market, the most traded dollar-rupee December contract on NSE ended at 68.07 on Tuesday. The open interest on the December contract rose by 11.64 per cent from the previous day.
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