The Indian rupee has depreciated 31 paise to 81.89 against the US dollar in early trade on Tuesday, due to a rebound in the American currency and firm crude oil prices. Sustained foreign fund outflows have also added to the negative investor sentiments, according to forex traders. At the interbank foreign exchange, the domestic unit opened weak at 81.79 against the dollar, then fell to 81.89, registering a decline of 31 paise over its last close.
In the previous session on Monday, the rupee settled at 81.58 against the US dollar. The dollar index, which gauges the greenback’s strength against a basket of six currencies, has risen 0.18 per cent to 102.38. Brent crude futures, the global oil benchmark, has advanced 0.19 per cent to USD 84.62 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 280.06 points or 0.47 per cent higher at 60,373.03. The broader NSE Nifty advanced 44.90 points or 0.25 per cent to 17,939.75. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 750.59 crore, according to exchange data.
