<p>Mumbai: The rupee appreciated 16 paise to close at 85.76 against the US dollar, tracking a weak greenback in the overseas market and a decline in global crude oil prices.</p>.<p>However, foreign fund outflows, along with uncertainties on the outcome of the ongoing India-US trade talks, capped sharper gains in the local unit, according to forex traders.</p>.<p>An Indian commerce ministry team is in Washington for another round of talks on the proposed bilateral trade agreement (BTA). The four-day talks, which started on Monday, will conclude on Thursday.</p>.Gold declines Rs 200 to Rs 99,370/10 g; silver plunges Rs 3,000 to Rs 1.12 lakh/kg.<p>At the interbank foreign exchange, the rupee opened at 85.97 against the US dollar and traded in the range of 85.75-85.97 before settling at 85.76, up 16 paise from its previous close.</p>.<p>The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday.</p>.<p>"The Reserve Bank of India has been guarding the rupee at the 86.00 level and on Tuesday also ensured that the rupee opens a tad higher than 86. For tomorrow (Wednesday), we expect the rupee to be in the range of 85.50-86.10 with expectations of more flows," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.</p>.<p>Brent crude, the global oil benchmark, was down 0.43 per cent to USD 68.91 per barrel in futures trade.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.11 per cent to 97.97.</p>.<p>On the domestic equity market front, the Sensex climbed 317.45 points to settle at 82,570.91, while the Nifty gained 113.50 points to close at 25,195.80.</p>.<p>India's exports remained unchanged at USD 35.14 billion in June, while the trade deficit stood at $18.78 billion during the month, the latest government data showed on Tuesday.</p>.<p>Foreign institutional investors (FIIs) bought equities worth Rs 120.47 crore on a net basis on Tuesday, according to exchange data. </p>
<p>Mumbai: The rupee appreciated 16 paise to close at 85.76 against the US dollar, tracking a weak greenback in the overseas market and a decline in global crude oil prices.</p>.<p>However, foreign fund outflows, along with uncertainties on the outcome of the ongoing India-US trade talks, capped sharper gains in the local unit, according to forex traders.</p>.<p>An Indian commerce ministry team is in Washington for another round of talks on the proposed bilateral trade agreement (BTA). The four-day talks, which started on Monday, will conclude on Thursday.</p>.Gold declines Rs 200 to Rs 99,370/10 g; silver plunges Rs 3,000 to Rs 1.12 lakh/kg.<p>At the interbank foreign exchange, the rupee opened at 85.97 against the US dollar and traded in the range of 85.75-85.97 before settling at 85.76, up 16 paise from its previous close.</p>.<p>The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday.</p>.<p>"The Reserve Bank of India has been guarding the rupee at the 86.00 level and on Tuesday also ensured that the rupee opens a tad higher than 86. For tomorrow (Wednesday), we expect the rupee to be in the range of 85.50-86.10 with expectations of more flows," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.</p>.<p>Brent crude, the global oil benchmark, was down 0.43 per cent to USD 68.91 per barrel in futures trade.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.11 per cent to 97.97.</p>.<p>On the domestic equity market front, the Sensex climbed 317.45 points to settle at 82,570.91, while the Nifty gained 113.50 points to close at 25,195.80.</p>.<p>India's exports remained unchanged at USD 35.14 billion in June, while the trade deficit stood at $18.78 billion during the month, the latest government data showed on Tuesday.</p>.<p>Foreign institutional investors (FIIs) bought equities worth Rs 120.47 crore on a net basis on Tuesday, according to exchange data. </p>