<p>Mumbai: The <a href="https://www.deccanherald.com/tags/rupee">rupee </a>appreciated 3 paise against the <a href="https://www.deccanherald.com/tags/united-states">US </a>dollar on Tuesday, tracking a firm trend in domestic equities amid stable global crude oil prices.</p><p>However, a strengthening American currency in the overseas market weighed on the local unit and restricted the up move, forex traders said.</p><p>At the interbank foreign exchange market, the local unit opened at 83.46 and hit the intraday high of 83.41 and a low of 83.48 against the greenback during the session.</p>.Rupee trades in narrow range against US dollar in early trade.<p>It finally settled at 83.44 (provisional) against the dollar, registering a gain of 3 paise from its previous close.</p><p>On Monday, the rupee appreciated 10 paise to settle at 83.47 against the US dollar.</p><p>"We expect the rupee to trade with a slight positive bias as positive domestic markets and a soft US dollar may support the rupee. However, a rise in crude oil prices and geopolitical tensions may cap a sharp upside.</p>.<p>"Investors may remain cautious ahead of core PCE data from the US this week. USD/INR spot price is expected to trade in a range of Rs 83.20 to Rs 83.65," said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent higher at 105.50.</p><p>Brent crude futures, the global oil benchmark, were trading 0.48 per cent lower at USD 85.60 per barrel.</p>.<p>In the domestic equity market, the 30-share BSE Sensex rose 712.44 points, or 0.92 per cent, to close at a new peak of 78,053.52. The broader NSE Nifty settled 183.45 points, or 0.78 per cent, higher at a record 23,721.30.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 653.97 crore, according to exchange data.</p><p>On the domestic macroeconomic front, S&P Global Ratings on Monday retained India's GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand.</p>.<p>Moreover, India recorded a current account surplus of USD 5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank of India said on Monday. </p>
<p>Mumbai: The <a href="https://www.deccanherald.com/tags/rupee">rupee </a>appreciated 3 paise against the <a href="https://www.deccanherald.com/tags/united-states">US </a>dollar on Tuesday, tracking a firm trend in domestic equities amid stable global crude oil prices.</p><p>However, a strengthening American currency in the overseas market weighed on the local unit and restricted the up move, forex traders said.</p><p>At the interbank foreign exchange market, the local unit opened at 83.46 and hit the intraday high of 83.41 and a low of 83.48 against the greenback during the session.</p>.Rupee trades in narrow range against US dollar in early trade.<p>It finally settled at 83.44 (provisional) against the dollar, registering a gain of 3 paise from its previous close.</p><p>On Monday, the rupee appreciated 10 paise to settle at 83.47 against the US dollar.</p><p>"We expect the rupee to trade with a slight positive bias as positive domestic markets and a soft US dollar may support the rupee. However, a rise in crude oil prices and geopolitical tensions may cap a sharp upside.</p>.<p>"Investors may remain cautious ahead of core PCE data from the US this week. USD/INR spot price is expected to trade in a range of Rs 83.20 to Rs 83.65," said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent higher at 105.50.</p><p>Brent crude futures, the global oil benchmark, were trading 0.48 per cent lower at USD 85.60 per barrel.</p>.<p>In the domestic equity market, the 30-share BSE Sensex rose 712.44 points, or 0.92 per cent, to close at a new peak of 78,053.52. The broader NSE Nifty settled 183.45 points, or 0.78 per cent, higher at a record 23,721.30.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 653.97 crore, according to exchange data.</p><p>On the domestic macroeconomic front, S&P Global Ratings on Monday retained India's GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand.</p>.<p>Moreover, India recorded a current account surplus of USD 5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank of India said on Monday. </p>