<p>The rupee appreciated 17 paise to close at 74.74 (provisional) against the US dollar on Tuesday tracking positive domestic equities and hopes of a Covid-19 vaccine.</p>.<p>At the interbank forex market, the domestic unit opened on a strong note at 74.79 against US dollar.</p>.<p>During the session, it touched an intra-day high of 74.73 and a low of 74.87 against the US dollar and finally settled at 74.74, up 17 paise over its previous close.</p>.<p>It had settled at 74.91 against the US dollar on Monday.</p>.<p>Forex traders said positive domestic equities, foreign fund inflows and hopes of a Covid-19 vaccine supported the rupee.</p>.<p>A coronavirus vaccine created by the University of Oxford appears safe and induces a strong immune response within the body, scientists announced on Monday after the first phase of human trials.</p>.<p>In India, AIIMS-Delhi on Monday began recruiting volunteers for conducting human clinical trials of the indigenously developed Covid-19 vaccine candidate Covaxin.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 95.80.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 490.70 points higher at 37,909.69 and broader NSE Nifty rose 132.80 points to 11,155.00.</p>.<p>Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,709.97 crore on Monday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 1.71 per cent to USD 44.02 per barrel. </p>
<p>The rupee appreciated 17 paise to close at 74.74 (provisional) against the US dollar on Tuesday tracking positive domestic equities and hopes of a Covid-19 vaccine.</p>.<p>At the interbank forex market, the domestic unit opened on a strong note at 74.79 against US dollar.</p>.<p>During the session, it touched an intra-day high of 74.73 and a low of 74.87 against the US dollar and finally settled at 74.74, up 17 paise over its previous close.</p>.<p>It had settled at 74.91 against the US dollar on Monday.</p>.<p>Forex traders said positive domestic equities, foreign fund inflows and hopes of a Covid-19 vaccine supported the rupee.</p>.<p>A coronavirus vaccine created by the University of Oxford appears safe and induces a strong immune response within the body, scientists announced on Monday after the first phase of human trials.</p>.<p>In India, AIIMS-Delhi on Monday began recruiting volunteers for conducting human clinical trials of the indigenously developed Covid-19 vaccine candidate Covaxin.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 95.80.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 490.70 points higher at 37,909.69 and broader NSE Nifty rose 132.80 points to 11,155.00.</p>.<p>Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,709.97 crore on Monday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 1.71 per cent to USD 44.02 per barrel. </p>