<p>The Indian rupee appreciated by 26 paise to 75.87 against the US dollar in early trade on Tuesday tracking positive opening in domestic equities.</p>.<p>Forex traders said a higher opening in domestic equities supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit.</p>.<p>At the interbank foreign exchange, the rupee opened at 75.92, then gained ground and touched 75.87, registering a rise of 26 paise over its previous close.</p>.<p>On Friday, rupee had settled at 76.13 against the US dollar.</p>.<p>The forex market was closed on Monday on account of Mahavir Jayanti.</p>.<p>Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as a global economy.</p>.<p>The number of deaths around the world linked to the new coronavirus has crossed over 74,000. In India, over 4,400 coronavirus cases have been reported so far.</p>.<p>Meanwhile, domestic bourses opened on a positive note on Tuesday with benchmark indices Sensex trading 1127.33 points higher at 28,718.28 and Nifty up by 344.95 points at 8,428.75.</p>.<p>Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold equity shares worth Rs 1,960.97 crore on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 2.90 per cent to USD 34.01 per barrel.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against the basket of six currencies was trading 0.13 per cent down at 100.55. </p>
<p>The Indian rupee appreciated by 26 paise to 75.87 against the US dollar in early trade on Tuesday tracking positive opening in domestic equities.</p>.<p>Forex traders said a higher opening in domestic equities supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit.</p>.<p>At the interbank foreign exchange, the rupee opened at 75.92, then gained ground and touched 75.87, registering a rise of 26 paise over its previous close.</p>.<p>On Friday, rupee had settled at 76.13 against the US dollar.</p>.<p>The forex market was closed on Monday on account of Mahavir Jayanti.</p>.<p>Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as a global economy.</p>.<p>The number of deaths around the world linked to the new coronavirus has crossed over 74,000. In India, over 4,400 coronavirus cases have been reported so far.</p>.<p>Meanwhile, domestic bourses opened on a positive note on Tuesday with benchmark indices Sensex trading 1127.33 points higher at 28,718.28 and Nifty up by 344.95 points at 8,428.75.</p>.<p>Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold equity shares worth Rs 1,960.97 crore on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 2.90 per cent to USD 34.01 per barrel.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against the basket of six currencies was trading 0.13 per cent down at 100.55. </p>
