Mumbai: The rupee on Tuesday rose 20 paise to 76.73 against the US dollar in early trade on Tuesday amid a marginal fall in crude oil prices and a weakening dollar.
Forex traders said the rupee will remain limited as risk appetite in the market has waned due to the Russia-Ukraine conflict, and investors are shifting their assets to safe havens. At the interbank foreign exchange market, the rupee opened with a weak trend at 77.02 against the US dollar.
However, the rupee soon recovered the loss and recorded a gain of 20 paise to 76.73 against the previous closing price. Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, fell 0.16 per cent to 99.13. Global oil standard Brent crude futures were up 1.79 per cent at $125.41 per barrel. (agency)