<p>The rupee appreciated 18 paise to 75.14 against the US dollar in the opening trade on Wednesday amid signs of de-escalation in the conflict between Russia and Ukraine.</p>.<p>At the interbank foreign exchange, the rupee opened at 75.24 against the American dollar and then inched higher to quote 75.14, registering a rise of 18 paise from the last close.</p>.<p>On Tuesday, the rupee snapped its five-session losing streak and surged 28 paise to close at 75.32 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 96.04.</p>.<p>"The Indian Rupee opened stronger against the US Dollar on Wednesday as tension de-escalate in Eastern Europe," said Sriram Iyer, Senior Research Analyst at Reliance Securities.</p>.<p>Crude and the dollar were subdued this Wednesday morning and lent support, Iyer said, adding that investors will look to retail sales data and Fed minutes for further cues.</p>.<p>US President Joe Biden has said that an invasion of Ukraine remains a distinct possibility. Biden said the US is still open for diplomacy to resolve the issue while stressing that more than 150,000 Russian troops remain on the Ukrainian border.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 85.87 points or 0.15 per cent lower at 58,056.18, while the broader NSE Nifty declined 14.10 points or 0.08 per cent to 17,338.35.</p>.<p>Global oil benchmark Brent crude futures fell 0.26 per cent to $93.04 per barrel.</p>.<p>Foreign institutional investors were net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 2,298.76 crore, as per stock exchange data.</p>
<p>The rupee appreciated 18 paise to 75.14 against the US dollar in the opening trade on Wednesday amid signs of de-escalation in the conflict between Russia and Ukraine.</p>.<p>At the interbank foreign exchange, the rupee opened at 75.24 against the American dollar and then inched higher to quote 75.14, registering a rise of 18 paise from the last close.</p>.<p>On Tuesday, the rupee snapped its five-session losing streak and surged 28 paise to close at 75.32 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 96.04.</p>.<p>"The Indian Rupee opened stronger against the US Dollar on Wednesday as tension de-escalate in Eastern Europe," said Sriram Iyer, Senior Research Analyst at Reliance Securities.</p>.<p>Crude and the dollar were subdued this Wednesday morning and lent support, Iyer said, adding that investors will look to retail sales data and Fed minutes for further cues.</p>.<p>US President Joe Biden has said that an invasion of Ukraine remains a distinct possibility. Biden said the US is still open for diplomacy to resolve the issue while stressing that more than 150,000 Russian troops remain on the Ukrainian border.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 85.87 points or 0.15 per cent lower at 58,056.18, while the broader NSE Nifty declined 14.10 points or 0.08 per cent to 17,338.35.</p>.<p>Global oil benchmark Brent crude futures fell 0.26 per cent to $93.04 per barrel.</p>.<p>Foreign institutional investors were net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 2,298.76 crore, as per stock exchange data.</p>