<p class="title">The rupee rose 29 paise to 71.15 against the US dollar in the early session on Wednesday on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets.</p>.<p class="bodytext">At the Interbank forex market, the rupee opened higher at 71.19 and advanced further to quote 29 paise higher at 71.15 against the dollar.</p>.<p class="bodytext">Besides, the dollar falling against other currencies overseas on lingering worries about a global slowdown and continuing US-China trade tensions, supported the Indian rupee, forex dealers said.</p>.<p class="bodytext">However, sustained foreign fund outflows capped the gains, they added.</p>.<p class="bodytext">On Tuesday, the rupee had skidded by 16 paise -- its third straight session of loss -- to close at 71.44 against the US dollar amid strengthening of the greenback and heavy selling in domestic equities.</p>.<p class="bodytext">Foreign portfolio investors (FPIs) sold shares worth a net of Rs 78.53 crore, and domestic institutional investors (DIIs) were sellers to the tune of Rs 84.15 crore Tuesday, provisional data showed.</p>.<p class="bodytext">Meanwhile, the benchmark BSE Sensex rose 37.05 points, or 0.10 per cent, to 36,481.69 after rising to 36,521.47 in opening trade. </p>
<p class="title">The rupee rose 29 paise to 71.15 against the US dollar in the early session on Wednesday on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets.</p>.<p class="bodytext">At the Interbank forex market, the rupee opened higher at 71.19 and advanced further to quote 29 paise higher at 71.15 against the dollar.</p>.<p class="bodytext">Besides, the dollar falling against other currencies overseas on lingering worries about a global slowdown and continuing US-China trade tensions, supported the Indian rupee, forex dealers said.</p>.<p class="bodytext">However, sustained foreign fund outflows capped the gains, they added.</p>.<p class="bodytext">On Tuesday, the rupee had skidded by 16 paise -- its third straight session of loss -- to close at 71.44 against the US dollar amid strengthening of the greenback and heavy selling in domestic equities.</p>.<p class="bodytext">Foreign portfolio investors (FPIs) sold shares worth a net of Rs 78.53 crore, and domestic institutional investors (DIIs) were sellers to the tune of Rs 84.15 crore Tuesday, provisional data showed.</p>.<p class="bodytext">Meanwhile, the benchmark BSE Sensex rose 37.05 points, or 0.10 per cent, to 36,481.69 after rising to 36,521.47 in opening trade. </p>