<p>New Delhi: The rupee rose 2 paise to 83.71 against the US currency in early trade on Wednesday following a marginal dip in the dollar in overseas markets.</p><p>At the interbank currency exchange, the domestic currency opened at 83.72, 1 paisa higher than the previous day's close.</p><p>The domestic unit moved in the tight range of 83.70-83.72 in early trade.</p><p>Forex traders said the rise in Brent crude oil prices offset the rupee's gains following the decline in dollar rates overseas.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.19 per cent to 104.36.</p><p>Brent crude futures -- the global oil benchmark -- rose 1.49 per cent to USD 79.80 per barrel.</p>.Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle.<p>All eyes will be on the US Fed rate announcement later in the day. Expectations are ripe that the Federal Reserve might signal a rate cut as early as September.</p><p>In the domestic equity market, the 30-share BSE Sensex showed volatility, rising over 200 points in early trade to reach a record high before trading at 81,517.75, up 62.35 points, at 9.35 am.</p><p>Foreign institutional investors were net sellers in the capital markets on Tuesday, offloaded shares worth Rs 5,598.64 crore, according to exchange data. </p>
<p>New Delhi: The rupee rose 2 paise to 83.71 against the US currency in early trade on Wednesday following a marginal dip in the dollar in overseas markets.</p><p>At the interbank currency exchange, the domestic currency opened at 83.72, 1 paisa higher than the previous day's close.</p><p>The domestic unit moved in the tight range of 83.70-83.72 in early trade.</p><p>Forex traders said the rise in Brent crude oil prices offset the rupee's gains following the decline in dollar rates overseas.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.19 per cent to 104.36.</p><p>Brent crude futures -- the global oil benchmark -- rose 1.49 per cent to USD 79.80 per barrel.</p>.Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle.<p>All eyes will be on the US Fed rate announcement later in the day. Expectations are ripe that the Federal Reserve might signal a rate cut as early as September.</p><p>In the domestic equity market, the 30-share BSE Sensex showed volatility, rising over 200 points in early trade to reach a record high before trading at 81,517.75, up 62.35 points, at 9.35 am.</p><p>Foreign institutional investors were net sellers in the capital markets on Tuesday, offloaded shares worth Rs 5,598.64 crore, according to exchange data. </p>