Rupee rises 10 paise to 81.72 against U.S. dollar

The rupee gained 10 paise to 81.72 against the U.S. dollar in early trade on May 2 tracking a weak American currency and a firm trend in domestic equities.

The rupee gained 10 paise to 81.72 against the U.S. dollar in early trade on May 2 tracking a weak American currency and a firm trend in domestic equities.

Forex traders said significant foreign fund inflows and crude oil prices below $80 a barrel also supported the local unit.

At the interbank foreign exchange, the domestic unit opened at 81.75 against the dollar and then climbed to 81.72, registering a rise of 10 paise over its previous close.

On April 28 , the rupee closed at 81.82 against the U.S. currency.

Forex and equity markets were closed on May 1 on account of 'Maharashtra Day'.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12% to 102.03.

Brent crude futures, the global oil benchmark, advanced 0.15% to $79.43 per barrel.