<p>Mumbai: The Indian rupee rose 6 paise to 85.51 against the US dollar in early trade on Wednesday, aided by strong FII inflows and a decline in global crude oil prices.</p><p>The rupee could move within a range of 85.40-90 during the day, with the mid-month demand coming up for oil, defence, and government payments, forex traders said.</p><p>At the interbank foreign exchange, the rupee opened at 85.53 against the greenback before inching up to 85.51, higher by 6 paise from its previous close. The domestic unit rose 9 paise to settle at 85.57 on Tuesday.</p><p>"The rupee was in a range-bound, lacklustre trading yesterday (Tuesday) as the market awaited a deal between China and the US. The rupee could move within a range of 85.40-90 during the day," Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP, said.</p>.LNG unlikely to displace coal in India’s largest coal-consuming sectors: Report.<p>In the domestic equity market, the 30-share BSE Sensex rose 93.43 points, or 0.11 per cent, to 82,485.15 on Wednesday morning, while the Nifty rose 19.40 points, or 0.08 per cent, to 25,123.65.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.05 per cent to 99.14 after falling on Tuesday night.</p><p>"The US futures dipped on Tuesday evening as a US court ruled that President Donald Trump's trade tariffs can remain in place, dampening hopes that a legal challenge could block the duties. US and Chinese officials had earlier stated that consensus on a trade framework had been reached, but more details were yet to be provided," Bhansali said.</p><p>Brent crude, the global oil benchmark, dipped 0.18 per cent to $66.75 per barrel in the futures trade.</p><p>Foreign institutional investors (FIIs) purchased equities worth Rs 2,301.87 crore on a net basis on Tuesday, according to exchange data.</p>
<p>Mumbai: The Indian rupee rose 6 paise to 85.51 against the US dollar in early trade on Wednesday, aided by strong FII inflows and a decline in global crude oil prices.</p><p>The rupee could move within a range of 85.40-90 during the day, with the mid-month demand coming up for oil, defence, and government payments, forex traders said.</p><p>At the interbank foreign exchange, the rupee opened at 85.53 against the greenback before inching up to 85.51, higher by 6 paise from its previous close. The domestic unit rose 9 paise to settle at 85.57 on Tuesday.</p><p>"The rupee was in a range-bound, lacklustre trading yesterday (Tuesday) as the market awaited a deal between China and the US. The rupee could move within a range of 85.40-90 during the day," Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP, said.</p>.LNG unlikely to displace coal in India’s largest coal-consuming sectors: Report.<p>In the domestic equity market, the 30-share BSE Sensex rose 93.43 points, or 0.11 per cent, to 82,485.15 on Wednesday morning, while the Nifty rose 19.40 points, or 0.08 per cent, to 25,123.65.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.05 per cent to 99.14 after falling on Tuesday night.</p><p>"The US futures dipped on Tuesday evening as a US court ruled that President Donald Trump's trade tariffs can remain in place, dampening hopes that a legal challenge could block the duties. US and Chinese officials had earlier stated that consensus on a trade framework had been reached, but more details were yet to be provided," Bhansali said.</p><p>Brent crude, the global oil benchmark, dipped 0.18 per cent to $66.75 per barrel in the futures trade.</p><p>Foreign institutional investors (FIIs) purchased equities worth Rs 2,301.87 crore on a net basis on Tuesday, according to exchange data.</p>