The rupee gains 2 paise to 82.61 versus the US dollar.
In the early trading session on Tuesday, the Indian rupee strengthened by 2 paise to reach 82.61 against the US dollar. This appreciation was driven by the weakness of the US dollar compared to major global currencies and the positive performance of the domestic stock markets.
Additionally, the decline in crude oil prices provided further support to the Indian currency. However, the rupee’s gains were limited due to the outflow of foreign funds. The day before, the rupee had closed at 82.63 against the US dollar, marking a marginal 1 paisa increase.
