Rupee Trades 1 Paisa Higher At 82 Against US Dollar

Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit.

The rupee appreciated 1 paisa to 82 against the US dollar in early trade on Tuesday, tracking a weak dollar and positive trend in domestic equities.

Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit.

At the interbank foreign exchange, the domestic unit opened at 81.99 against the dollar. It went as high as 81.96 and touched the lowest level of 82.02.

Later, the rupee was trading at 82, registering a gain of 1 paisa over its previous close.