Rupee rises 2 paise to 84.40 against US dollar

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The rupee roseate 2 paise to 84.40 against the US dollar successful aboriginal commercialized connected Tuesday amid a betterment successful home equity markets and a weaker American currency against large Asian rivals.

Forex traders said, however, sustained outflow of overseas funds and an upward question successful crude lipid prices enactment unit connected the section portion and capped its crisp gain.

At the interbank overseas exchange, the rupee opened astatine 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its erstwhile close.

On Monday, the rupee recovered from its lowest level of 84.46 to settee 4 paise higher astatine 84.42 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading little by 0.09 per cent astatine 106.10.

Brent crude, the planetary lipid benchmark, roseate by 0.19 per cent to USD 73.44 per tube successful futures trade.

On the home equity marketplace front, Sensex was trading 271.42 points, oregon 0.35 per cent higher, astatine 77,610.43 points. The Nifty precocious 105.55 points, oregon 0.45 per cent, to 23,559.35 points.

Foreign Institutional Investors (FIIs) were nett sellers successful the superior markets connected Monday, arsenic they offloaded shares worthy Rs 1,403.40 crore, according to speech data.

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