Rupee gains 12 paise to 74.30 against US dollar in early trade


In the previous session, the rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar

The rupee appreciated by 12 paise to 74.30 against the US dollar in opening trade on December 31, tracking gains in domestic equity markets.

At the interbank foreign exchange, the rupee opened strong at 74.35 against the American dollar, then inched higher to 74.30, registering a rise of 12 paise from the last close.

In the previous session, the rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.05% higher at 96.01. Meanwhile, on the domestic equity market front, the 30-share Sensex was trading 446.07 points or 0.77% higher at 58,240.39, while the broader NSE Nifty advanced 143.40 points or 0.83% to 17,347.35.

Global oil benchmark Brent crude futures fell 0.39% to USD 79.22 per barrel.

Foreign institutional investors were net sellers in the capital market on December 30, as they offloaded shares worth ₹986.32 crore, as per exchange data.

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